Trade War Hurting the U.S. Ethanol Industry 'Badly'

Published on 15 May 2019, 22:07
According to Reuters, Mike Dwyer, chief economist of the U.S. Grains Council said that the U.S.-China trade war is hurting the U.S. ethanol industry “badly." The trade conflict between the two countries escalated just about a year after China said it would target the roll-out of gasoline known as “E10,” containing 10 percent ethanol, by 2020. This was expected to bolster the country’s demand for U.S. ethanol. Dwyer said that “If this trade war ended tomorrow you would see margins expand by 10 cents a gallon."

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