Next April, some Indian gas stations will begin retailing gasoline with a 20-percent ethanol blend, per the Business Standard. India is estimated to be the fifth-largest manufacturer of ethanol. The Modi administration has pursued bioethanol fuel use aggressively for several years to increase the [...]
In the week ending Nov. 5, ethanol blending and refining use was at 893,000 barrels per day (bpd), the lowest weekly volume since mid-May and about 1 percent below the five-year average. Lower use helped ethanol stocks rise to a two-month high of roughly [...]
Intriguing WASDE sugar forecasts this month: A look at the bottom line shows an increase of 118,000 short tons raw value (STRV) in 2019/20 ending stocks, perhaps prompting a sense of relief as supply and markets seem to be improving. But that does not [...]
Crush higher in second half of July: In the last half of July, crush was 49.7 MMT, up 4.3 percent from the same period last season. The sugar share was 37 percent, down 1.3 points YOY, helping bring sugar output down 5.5 percent YOY at [...]
Ethanol producers used 462.7 million bushels of corn in June, up 6 percent from last June. From September through June, 2017/18 corn use totaled 4.6 billion bushels, up 3 percent year over year and 83 percent of USDA’s season forecast of 5.6 billion bushels. [...]
Jan-Apr ethanol production increased 2 percent from the same period in 2017—and in April increased almost 4 percent year over year—while monthly ending stocks declined from a 7 percent surplus year over year in January to a 1 percent deficit when comparing April volumes. [...]
Last September, China announced a new policy requiring all gasoline to have a 10 percent biofuel blend by 2020. However, China does not have the capacity to produce enough ethanol to meet the mandate. Current production is around 2.5 million metric tons (MMT) a [...]
