Ethanol production falls 16.4% on week to lowest seen in six years

In Washington, Biofuels International reports that Energy Information Administration data shows ethanol production suffered the largest week-on-week drop since the EIA began tracking 10 years ago as it fell to just 840,000 barrels per day last week, the lowest seen in six years and 16.4% lower than the week before, as the industry slows down to face falling demand resulting from impacts from the coronavirus. Even so, ethanol stocks reached a new high of 25.7 million barrels, 6.5% higher than the week prior.