China Lowers Subsidies for Grain Ethanol Producers

摘要

China has lowered subsidies for producers of grain-based ethanol by more than half, according to Bloomberg. Producers will now receive US$79 (500 yuan) per ton of ethanol made with corn or other grain, which is down from US$202 (1,276 yuan) last year. Subsidies on ethanol from non-grain crops such as cassava will be US$118 (750 yuan).