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The World According To Ethanol
By Mr Ethanol | May 16, 2008
Prospects for ethanol trade over the coming three to five years are probably good. As to the specifics—it’s anybody’s guess.
Ethanol Producer Magazine:
It’s an exotic mix: mounting demand in spite of sky-high feedstock costs, oil prices off the charts, a weak dollar, fierce political pressures for and against trade barriers, equally fierce agitation for sustainability - all in the vortex of economic downturn.
Forecasting the prospects for international ethanol trade isn’t simple at the moment. Let’s just say more production, more demand and more trade overtopping trade barriers - all are likely.
Whatever happens, expect interesting times. Darin Newsom, senior analyst with DTN, the Omaha, Neb., commodities-information service, is among those waiting for good old supply-and-demand economics to settle in. But first, he thinks, ethanol is going to have to get through its wild youth. “The corn markets are rallying on projected ethanol demand,” Newsom notes, “but at the same time ethanol demand could start to shut down because that demand is helping to push the market too high. We’re still feeling our way around with prices - what’s too high, what’s too low, how high is too high.”
Topics: Ethanol, Market, News |
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