International Sugar Journal

World biofuel industry may be in for recovery in 2010 [Full subscriber]

After a very difficult first half in 2009, the economic environment for ethanol distillers has improved considerably in the second six months. Furthermore, there are already signs that this upturn may extend into 2010 as well. The main reasons for this change in fortunes are: sharply lower grain prices, capacity adaptations in surplus regions, a substantial recovery in world crude oil and gasoline values, adverse weather conditions in the Southern Hemisphere which greatly reduced the supply of cane alcohol. For our second estimate for 2009, we are expecting global output to hit another record high of around 87.3 bln litres,…

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