Alto Ingredients Inc (ALTO)

[Rule_62]

Speaking of variables, it looks like the 2nd largest ethanol producing country is going to see falling production levels at the same time as their domestic demand is increasing.

UNICA: Brazil Ethanol Production Drop as Demand Improves

NEW YORK (DTN) -- The Union of Sugarcane Industry Association, Brazil's largest trade group for sugarcane and ethanol producers, said in its biweekly update report issued Tuesday, Nov. 25, that sugarcane processing in the country's South-central region slowed during the first half of November because crop failure led to low yield and diminished productivity.

Bad weather in Brazil has hurt crop growth, with yield down 9% from year-ago levels. As a result, sugar production from crushed canes dropped 28.5% year-over-year during the first half of November, while ethanol output fell 5.1% to 1.1 billion liters year-over-year.

Source