In Brazil, Reuters says the country’s monopoly watchdog is exploring nine proposals that would help break the anticompetitive hold on fuel pricing, an industry often accused of corruption and collusion that led to the truckers strike this past week, bringing sugarcane mills and soybean processors among others to a screeching halt. Allowing ethanol producers to […]
In Illinois, corn farmers are selling crops at a loss to makers of ethanol or animal feed because of excess supply of food-grade corn. Many farmers switched or added different strains of corn in order to diversify and get premium prices for nice products like white corn which can often be sold at a premium, […]
In Argentina, after the government raised ethanol prices by just over 1% over August, it also raised biodiesel prices by about 2.7% in September for oil companies who must achieve the 10% blending mandate with prices varying depending on the type of producer from $703.3 per metric ton for the largest, integrated producers to $907.7 […]
In Argentina, the government raised sugarcane ethanol prices 1.3% for September to 98 cents per liter and corn-based ethanol 1.7% to 79 cents per liter. Oil companies are required to buy ethanol from producers at prices set by the agriculture ministry in order to achieve the mandated 12% ethanol blend. The ministry is allowed to […]
In Argentina, the government raised the price of sugarcane-based ethanol for June that oil refiners must pay by the maximum 5% allowed to $1 per liter. Corn-based ethanol was also raised slightly by 0.7% to 80.5 cents per liter. The ethanol is used to supply the 12% mandatory ethanol blending policy. The government has been […]
In Brazil, as mills prepare for the start of the next crush officially from April 1, they are offloading last season ethanol as is usual for this time of year, a move that has forced prices down to six month lows of 49 cents per liter for hydrous. The situation is further worsened by Petrobras’ […]
In the Netherlands, T2 ethanol prices reached Eur628/cu m last week, the highest seen in more than 14 months, on the back of continued lack of supply availability in the Amsterdam-Rotterdam-Antwerp area. There are no immediate signs of relief as many northern European producers continue to operate at below capacity, in part due to high […]
In the Netherlands, T2 ethanol prices hit a one-year high on Friday thanks to low river levels on the Rhine that inhibits intra-European trade, rumored production stoppages due to maintenance despite January not having ideal weather conditions for shutdowns, and shrinking stocks. As in Brazil where sugar mills are favoring sugar production over ethanol due […]
In Australia, a combination of low fossil fuel prices and shifting government policies have helped to sink the country’s biodiesel industry, leaving many producers large and small in the lurch. Most of the country’s biodiesel is produced from UCO or waste tallow, but without the benefits of excise duty exemptions or blending mandates regulating demand […]
In Illinois, end of the year tightness in the Chicago ethanol market has led to a 20% premium for the December swap at $1.8050/gal over the January paper price of $1.57/gal. The backwardation in the market is the largest seen in two years. January and February prices are heavily weighed upon by record production coming […]
