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Ethanol Market

Ethanol  February saw a stronger US ethanol price as cuts in output made their presence felt.

In the EU prices fell back from their peak but remain well ahead of prices seen in 2018.

In Brazil ethanol was fairly flat but began to rise at the end of February as the off-crop supply shortage and higher gasoline prices kicked-in.

Molasses  In the EU, cane and beet molasses prices converged as the drought affected 2018 beet crop made for a more balanced market.

Asian molasses prices firmed against a background of an increase in freight rates.

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