BRAZIL CS 11/12 CANE SEEN UP AT 585 MLN T-LANWORTH
SAO PAULO, April 26 (Reuters) - Brazil's center-south should crush 585 million tonnes of sugar cane in 2011/12, up from 574 million seen in February, U.S. crop forecaster Lanworth Inc said on Tuesday, adding that the revision was due to an increase in soil moisture.
The numbers are at the center of forecast ranges that stretch from 33 million additional tonnes to 33 million fewer tonnes of cane.
EPA STANDS BY BIOFUELS DESPITE HIGH CORN PRICES
WASHINGTON, April 26 (Reuters) - The U.S. Environmental Protection Agency does not plan to change its biofuel mandate despite corn prices that have risen to record levels, said Lisa Jackson, its administrator, on Tuesday.
About 40 percent of the U.S. corn crop is used to make ethanol, and the biofuel is often targeted by critics who say fuel use is driving up food and livestock feed costs.
ADM TO TAKE FULL OWNERSHIP OF BRAZIL ETHANOL PLANT
SAO PAULO, April 26 (Reuters) - U.S. agricultural company Archer Daniels Midland said Tuesday it agreed to buy the remaining 51 percent stake in Brazil's Limeira do Oeste ethanol mill, making it the plant's sole owner.
The value of the purchase will be determined by an arbitration proceeding being carried out between ADM and a local group called Canaa Participacoes that owns the 51 percent stake, an ADM spokeswoman said.
ITALY'S NOVAOL STARTS UP 198,000 T BIODIESEL PLANT
MILAN, April 22 (Reuters) - Novaol, a leading Italian biodiesel maker, has started up a new 198,000 tonne plant in northern Italy, betting on a pick-up in biofuel production in the country, the company said on Friday.
The new plant in the Ravenna province near the Adriatic Sea will also produce 30,000 tonnes of glycerin for pharmaceutical use, the company controlled by French oilseed giant Sofiproteol said in a statement.
US ETHANOL OUTPUT HITS 7-MTH LOW AMID HIGH CORN PRICES
KANSAS CITY, April 20 (Reuters) - U.S. ethanol production fell for the fourth consecutive week, the government said on Wednesday, dropping to the lowest in nearly seven months as high corn prices squeezed margins.
The slowdown comes as market players keep a close eye on competing factors that include strong export demand, signs of slipping domestic demand and tightening supplies of key ingredient corn.
PHYSICAL SUGAR-BRAZIL CANE MILLS MAXIMISE ETHANOL CRUSH
LONDON/SAO PAULO, April 20 (Reuters) - Brazilian cane mills are churning out ethanol to try to keep up with soaring demand, but dealers see ample sugar supplies in the pipeline despite a below-consensus cane forecast from analyst Canaplan.
With sugar prices a third below their three-decade highs, sugar price risk is to the downside due to plentiful supply prospects from Brazil and Thailand, auguring well for physical offtake, dealers said.
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