# Hungary's Pannonia profits up, but ethanol margins squeezed

> Hungarian ethanol producer Pannonia reported after-tax profits up 1% in 2022. Its ethanol margins were squeezed despite the modest profit gain.

- Date: 2023-06-02 · published 2023-06-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/35473-hungary-s-pannonia-profits-up-but-ethanol-margins-squeezed
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Squeezed ethanol margins signal weak processing economics for corn-based ethanol plants, which can reduce DDGS output over time. The effect on feed prices is limited as this is a single regional producer.

## Sources

- qcintel.com: https://www.qcintel.com/biofuels/article/hungary-s-pannonia-profits-up-but-ethanol-margins-squeezed-14322.html

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