# Agrana profits fall 34% as ethanol margins decline

> Agrana reported a 34% fall in operating profit for the first three quarters of its 2025-2026 financial year. The decline was attributed to lower ethanol margins caused by costly inputs.

- Date: 2026-01-13 · published 2026-01-13T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/21056-agrana-profits-fall-34-as-ethanol-margins-decline
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weak ethanol margins can slow ethanol output and reduce demand for corn and co-products, although the effect on feed prices is limited. This is a company-level result rather than a market-wide supply shift.

## Sources

- qcintel.com: https://www.qcintel.com/biofuels/article/agrana-profits-fall-34-as-ethanol-margins-decline-56463.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.