In Illinois, Bloomberg reports that increased ethanol demand from China amidst the ongoing trade war with the US could go a long way to helping to relieve some of the troubles the US corn belt is facing as a result of ongoing loss of demand for American crops and products, such as ethanol. The CEO of Marquis Energy says that just 300 million gallons of import demand from China could help to turn things around. His company was the last to export ethanol to China in April before the trade war began to truly bite. With tensions easing sufficiently to relieve the tariffs on US soybean imports, the US industry is hoping for the same sort of relief for ethanol’s 70% tariff as well.
Category: Producer News