What’s Up with Ethanol Prices? in ACOELApril 30, 2014
Eileen Millett, Counsel in the Litigation and Health Care and Life Sciences practices, in the New York office, wrote an article titled "What's Up with Ethanol Prices?"
Following is an excerpt:
Ethanol prices appear to be on the rise. Weather and an increase in exports appear to be responsible for the uptick. The reason for the reported jump in ethanol prices has to do with turbulent winter weather and increasing United States (U.S.) exports, largely to Brazil. Ethanol has wide usage in both countries. The Renewable Fuels Association reported that for 2011, the U.S. and Brazil accounted for 87% of the world's ethanol fuel production. Some U.S. ethanol plants have stopped production in part because of droughts that have ravaged much of the nation's crops and pushed commodity prices so high that ethanol has become too expensive to produce.