US ethanol margins sink to 2012 low in June: study

摘要

London—Profit margins for US corn-based ethanol producers sank to their 2012 lows in June as selling prices for the biofuel fell, data compiled by Iowa State University showed. Margins dipped further into negative territory to minus 17 cents/gallon, down 10 cents/gallon from May and reaching the lowest level ever recorded by the university’s ethanol profitability model started in January 2005.