Brazil sugar shipments slow but improving
SAO PAULO, May 17 (Reuters) - The number of ships loading, waiting or arriving to export sugar from Brazil's two main ports is growing and should let up in the coming days, shipping agencies said.
The lineup of vessels reached 58 on Tuesday, slightly up from 55 a week ago. Although backlogs to haul sugar from the world's largest producer of the sweetener are not uncommon, these numbers are not normal for this early in the season.
Brazil ethanol prices plunge as supplies hit market
SAO PAULO, May 16 (Reuters) - Ethanol prices plummeted last week on the Brazilian market, data from Cepea/Esalq think tank showed on Monday, as harvesting of the new cane crop advanced and mills favored production of the fuel over sugar.
Prices of ethanol hit record highs earlier this year during interharvest in the country's main center-south cane region, forcing authorities to take measures to boost supplies in the future.
Dutch exchange plans world's first biomass product
LONDON, May 16 (Reuters) - The APX-Endex energy exchange and the Port of Rotterdam will launch an exchange-traded wood fuel product by the end of the year, the first of its kind, the exchange told Reuters on Monday.
The global biomass market is growing as a result of emerging economy demand and European Union targets to replace fossil fuels with renewable sources of energy, but there are still few international pricing benchmarks.
German motorists shun new biofuel blend
HAMBURG, May 13 (Reuters) - German drivers are reluctant to buy a new gasoline blend with a higher biofuel content, the country's oil industry association said on Friday.
Germany this year raised the maximum permitted level of bioethanol blended in gasoline to 10 percent from 5 percent as part of Germany's programme to protect the environment by cutting CO2 emissions.
Ensus to temporarily shut UK bioethanol plant
LONDON, May 13 (Reuters) - Ensus said on Friday it is to temporarily shut down Britain's largest bioethanol plant from the end of this month, citing difficult market conditions.
The company, in a statement, cited slow implementation of a European Union directive on renewable energy and competition from imports, particularly from the United States.
Bioethanol may win in crunch time for EU biofuels
BRUSSELS/SEVILLE, May 13 (Reuters) - A divisive European debate over the green credentials of biofuels has stalled investment, but the stalemate may soon be over for advanced biofuels and some types of bioethanol.
The debate over biodiesel, however, looks set to rage on.
Brazil sugar output down by rains, ethanol priority
SAO PAULO, May 12 (Reuters) - Sugar output in Brazil's center-south in 2011/12 through May 1 fell 69 percent from a year ago, as rains through mid-April hindered cane harvesting and mills prioritized ethanol production.
Sugar production totaled 795,000 tonnes, down from 2.55 million tonnes in the same period last season, when harvesting started exceptionally early, data from the sugar cane industry association Unica showed on Thursday.
Brasil Ecodiesel rejects Vanguarda buy - report
SAO PAULO, May 12 (Reuters) - The board of Brazilian biodiesel producer Brasil Ecodiesel rejected a proposal to buy local farming group Vanguarda Participacoes, a local newspaper reported on Thursday.
The deal would have created one of the country's biggest farming groups, with estimated revenues of 1.6 billion reais ($981 million) in 2011, Valor Economico newspaper reported, citing people connected to Brasil Ecodiesel.
Global sugar surplus to surge, Brazil key to price-Kingsman
SINGAPORE, May 12 (Reuters) - Global sugar prices need to drop below the domestic price of ethanol in Brazil, top producer of the sweetener, to curb output at a time when the surplus on world markets is expected to surge, the Kingsman consultancy said on Thursday.
Kingsman raised its 2011/12 (April/March) global sugar surplus estimate to 10.575 million tonnes, up from a previous forecast of 5.607 million tonnes, after a deficit of 0.1 million a year ago. It also lifted its global sugar output estimate and cut its consumption outlook for the period.
US ethanol exports helped by cheap corn vs sugar
SEVILLE, Spain, May 12 (Reuters) - U.S. ethanol producers expect to dominate the world market in coming years due to high prices for sugar, the feedstock in major producer Brazil, an industry spokesman said on Thursday.
Bon Dinneen, president of the Renewable Fuels Association, said U.S. ethanol was competitive because it was made from maize rather than sugar.
US ethanol production down, corn usage lags outlook
KANSAS CITY, May 11 (Reuters) - U.S. ethanol production fell again in the latest week, the government said on Wednesday, continuing a downward trend.
Ethanol output totaled 862,000 barrels per day (bpd) for the week ended May 6, down 13,000 bpd from the prior week, the Energy Information Administration said.
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