Two key ethanol subsidies will end at the end of the month

The lawmakers in the US Senate have reached a deal that will end two key ethanol subsidies by the end of the month, this has come about sooner than expected. The deal is significant because the Minnesota and South Dakota lawmakers are ethanol supporters who have been trying to find a way to keep federal support for ethanol alive even while acknowledging that subsidies must be pared back.

This is a major boost for Brazil as the Brazilian ethanol industry has struggled to gain large scale access to the US market. Grain traders have been expecting the subsidies to end last year, but some were surprised at the quick timetable. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers