The Trump administration finalized U.S. biofuel blending requirements for 2020 on 19th December, leaving a key part of the rule unchanged from an earlier proposal that the corn lobby had criticized as inadequate to help struggling farmers, reported Reuters.
USA – Trump’s administration granting small refinery exemptions hurts the ethanol industry [Registered]
As the US President Donald Trump faces with mounting anger in the farm belt over policies that allow oil refineries to use less corn-based ethanol, dismal economics that has plagued the US ethanol industry for the past year-and-a-half is beginning to have a significant impact with some plants being shut down or cut back severely on production.
Monthly Snapshot
Market Overview Following a nine-month high of 15.66 cents in late November, the raw sugar futures on ICE was down to 14.30 cents/lb on 16th December. Two developments – one […]
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