USA : Ethanol production grows for fourth consecutive week
Ethanol production rose to 1.111 million barrels/day in the week ending December 27, marking a fourth consecutive weekly increase, according to the EIA. Midwest production averaged 1.055 million barrels/day. Inventories increased to 23.639 million barrels, the highest since September 13. Regional changes included West Coast production rising to 10,000 barrels/day, while Gulf Coast output fell to 22,000 barrels/day.
The Energy Information Administration says ethanol production averaged 1.111 million barrels a day during the week ending on December 27. This was the fourth consecutive week-over-week increase, up from 1.107 million barrels a day during the prior week. In the Midwest, production rose to an average of 1.055 million barrels a day from 1.045 million during the previous week. The EIA says West Coast Production increased to 10,000 barrels a day, up from 9,000 barrels the week before. East Coast output was unchanged week over week at 11,000 barrels a day, on average. Rocky Mountain Production declined from 14,000 to 11,000 barrels a day. The government report also says Gulf Coast production fell from an average of 28,000 barrels a day to 22,000 barrels. Ethanol inventories increased to 23.639 million barrels from 23.074 million a week earlier. That’s the highest level for ethanol stocks since September 13.
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Source : Iowa Agribusiness Radionetwork
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