May 10, 2013
BY Susanne Retka Schill
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U.S. fuel ethanol production was up less than 1% the week ending Dec. 6, according to data released by the U.S. Energy Information Administration on Dec. 11. Stocks of fuel ethanol were down nearly 2% and exports were down more than 2%.
The USDA increased its forecast for 2024-’25 corn use in ethanol production in its latest World Agricultural Supply and Demand Estimates report, released Dec. 10. The forecast for season-average corn prices was unchanged.
The USDA on Dec. 6 delivered an interim final rule setting technical guidelines for climate-smart agriculture crops used as biofuel feedstocks to the White House OMB. OMB review marks a final step before a rule is promulgated.
The European Union and Mercosur, a South American trade bloc consisting of Argentina, Brazil, Paraguay and Uruguay, on Dec. 5 finalized negotiations on a new trade agreement. The agreement could increase the volume of ethanol imported into the EU.
The USGC’s Europe, Middle East and Africa (EMEA) office recently conducted a series of site visits and meetings with key customers in the animal feed production and industrial starch sectors in the Kingdom of Saudi Arabia.