The Mexican government has boosted fuel ethanol blending mandates across the country from 5.8% to 10% this week, news sources have reported. While the metropolitan cities of Monterrey, Guadalajara, and Mexico City are still exempt from any blending mandates, US ethanol and agricultural associations are rejoicing at the new export opportunities for US ethanol the increase in Mexican demand may create.
European ethanol producers’ earning climb
Meanwhile in Europe, both Agrana, an Australian based sugar starch and processed fruit company, and Crop Energies, one of Europe’s largest ethanol producers, have reported improved earnings in their latest preliminary quarterly results on the back of an “extremely favourable development of ethanol prices”.
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