Ethanol Production Grows

The latest numbers on ethanol production and demand nationwide show continued growth.

The Renewable Fuels Association reports that demand continued to outpace production, with production averaging 647,000 barrels a day and demand calculated at 661,000.

RFA notes that the growth in ethanol production in August came amid declining corn prices that today are half of what they were at their peak in late June, which “erodes the argument of livestock, poultry and food processing companies that have argued ethanol is responsible for the dramatic increase in food prices. It also calls into question the reports from groups such as the World Bank, the United Nations and others that US ethanol production is responsible for high corn prices.”