USGC Taiwan Director Michael Lu (second row, sixth from left) poses with conference attendees. / SOURCE: USGC
August 23, 2024
BY U.S. Grains Council
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U.S. fuel ethanol production was up nearly 5% the week ending May 30, according to data released by the U.S. Energy Information Administration on June 4. Weekly ending stocks of fuel ethanol were up 1% and exports were up 127%.
Nesika Energy increases revenue with efficient corn oil production.
UNICA, the Brazilian sugarcane industry association, has released data showing sugarcane processing and total ethanol production were both down during the first half of May. Corn ethanol production continued to trend higher.
The USDA Economic Research Service on May 29 released its latest quarterly trade outlook report, announcing the agency now expects the value of fiscal year (FY) 2025 ethanol exports to reach $4.3 billion, up from the February outlook of $4.2 billion.
The U.S. Grains Council, in collaboration with the Korea Biofuel Forum, a biofuel advocacy group, held its annual conference in Seoul in mid-May with the goal of promoting biofuel’s economic and environmental benefits to South Korean stakeholders.