Argentina resets biofuel prices in line with 100% inflation

In Argentina, Reuters reports government established new criteria to set the values of bioethanol based on sugar cane and corn used in gasoline cuts for domestic consumption.

The measure aims to seek a price adjustment in accordance with the strong inflationary escalation that the country is going through and that could exceed 100% this year. According to data from the Ministry of Energy, the value of sugarcane-based bioethanol is 88.24 pesos per liter, while the price for corn-based bioethanol is negotiated at 107.411 pesos per liter.

Argentine exports of biofuels are on track to set a record this year, said a recent report by the consultancy firm Sectoral Economic Research (IES).