Argentina raises ethanol and biodiesel prices by 6% following outcry from producers

In Argentina, Clarín newspaper reports that the government has increased the price for ethanol and biodiesel by 6% for October in response to the domestic industry’s call for increased prices based on rising feedstock costs, partly as a result of the stronger dollar. The industry says that thousands of jobs are at risk from running with negative margins for the last period. It says that ethanol production could triple to 5 million metric tons annually if the country follows Brazil’s footsteps to blend 27% ethanol with gasoline.