Whatever Happened to the Ethanol Effect?

摘要

In its October report, the US Department of Agriculture has lowered its projection for corn usage for ethanol by 2.5 Mt for the 2007/08 trade year to 81.3 Mt. Meanwhile, the estimate for US corn exports has been increased by 3.0 Mt to 67.1 Mt, the highest level in 18 years, and 6.0 Mt higher than exports in 2006/07.rnOctober was the second consecutive month when USDA reduced corn usage by the ethanol industry, a topic widely discussed earlier this year when the US President announced in his State of the Union address that US gasoline demand should be reduced by 20% by 2017, with 15% of the reduction achieved through alternative fuels (such as ethanol).