In Oregon, Platts reports that gasoline prices in Portland have increased 33 cents per gallon since March 12 to $2.2231/gal because ethanol was not able to reach the market following a bomb cyclone the Midwest that shut down ethanol production and transport. Other Western fuel markets like in Tucson, AZ have also suffered similar price […]
In Brazil, Platts reports that hydrous ethanol prices surged to $562.7/cu m during the first half of February, an increase of more than 10% from the second half of January and the highest seen since November 1 due to retailers failing to pass on lower gasoline prices to consumers. As a result, drivers chose to […]
In Brazil, Platts reports that data from the energy ministry shows increasing the biodiesel blending mandate to 10% with an eye to further increases in the mandate has encouraged increased production which in turn has reduced prices, falling recently to an 18-month low. Biodiesel production rose 25% on the year in 2018 to 5.35 billion […]
In the Philippines, Platts reports that domestic ethanol prices skyrocketed in December to more than 25% above those seen in December 2017 at a whopping $1,101.40/cu m on the back of rising feedstock prices at roughly US$0.70 per liter of molasses. Sugarcane feedstock was lower at US$0.55 per liter. Though the month-on-month increase was only […]
In Argentina, Reuters reports that as of January 1 the Ministry of Energy has increased the price of sugarcane-based ethanol to per 59 cents liter while corn-based ethanol was increased to 54 cents per liter. The prices set by the ministry must be paid by fuel companies who buy locally-produced biofuels to blend 12% ethanol. […]
In Illinois, Platts reports that prices for Chicago Argo ethanol have fallen to $1.1725/gal the lowest level seen in 15 years. Healthy margins kept ethanol producers pumping out more than a billion barrels per day well past the peak summer driving season but that have since fallen into negative margins at around minus 16.41 cents/gal […]
In Brazil, Reuters reports that ethanol prices are likely to jump in December as demand for the fuel increases while stronger ICE Brent Crude futures and NYMEX RBOB futures further support them. Already ethanol prices have increased more than 4% during the first week of December and prices will likely go higher as the holiday […]
In Malaysia, crude palm oil prices hit their lowest since September 2015 on Monday to $444.37 in response to growing stocks—more than 6% higher in October than in September—fewer exports and rising production that was 6% higher on the month. Palm oil producers are already feeling the pinch from lower prices, and with prices expected […]
In California, Reuters reports that in light of high ethanol inventories nationwide that have pressured prices along with margins, Pacific Ethanol cut production by 10% across its 605 million gallons of installed capacity at nine plants, but how much at which plants was cut was not indicated. The company’s CEO said that other companies were […]
Across Europe, Platts reports that the ongoing drought continues to push up ethanol feedstock prices from corn to wheat as stocks tighten ahead of a potentially small harvest in many parts of the region. With the drought also impacting feed availability for livestock in many regions, demand for DDG has also increased, helping to offset […]
