US ethanol inventories strengthen as production falls

19 June 2013 22:36  [Source: ICIS news]

HOUSTON (ICIS)--US ethanol stocks rose by 3% for the week ending 14 June, while production was weaker, the US Energy Information Administration (EIA) said on Wednesday.

Ethanol stocks for the week that ended on 14 June were at 16.5m bbl, up from 16.0m bbl the previous week.

Meanwhile, ethanol production was at 873,000 bbl/day, down from 884,000 bbl/day the previous week.

Ethanol production is down by 3% from 900,000 bbls/day in the same week a year ago.

Imports rose to 65,000 bbls/day, up from nothing the prior week.

By: Bobbie Clark
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