# Cropenergies' profit triples on higher ethanol volumes, prices | Reuters

> Cropenergies' profit tripled on higher ethanol volumes and prices. The company reported that ethanol imports into the EU and Britain from Brazil and the US have lowered sales prices for the biofuel.

- Date: 2022-10-12 · published 2022-10-12T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/39127-cropenergies-profit-triples-on-higher-ethanol-volumes-prices-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cheaper imported ethanol into Europe signals softer global ethanol prices, which can weaken the economics of corn and co-product demand from ethanol producers.

## Read by commodity

- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-11-01 | [Higher Ethanol Production Could Use More Exports \| News Dakota](https://feedsoft.ai/events/44046-higher-ethanol-production-could-use-more-exports-news-dakota.md) | +1.6% | +3.4% |
| CORN | 2021-05-04 | [U.S. Ethanol Exports Rebound on Near-Record Shipments to China; U.S. DDGS Exports Also Higher](https://feedsoft.ai/events/47076-u-s-ethanol-exports-rebound-on-near-record-shipments-to-china-u-s-ddgs-exports.md) | +1.5% | -5.8% |
| CORN | 2023-10-25 | [ADM Profit Tops Estimates On Good Ethanol Margins, Brazilian Exports \| ESM Magazine](https://feedsoft.ai/events/33610-adm-profit-tops-estimates-on-good-ethanol-margins-brazilian-exports-esm-magazine.md) | -3.5% | -4.0% |
| CORN | 2018-07-24 | [Due to higher prices, Russia increases wheat export](https://feedsoft.ai/events/63888-due-to-higher-prices-russia-increases-wheat-export.md) | +1.7% | +1.4% |
| CORN | 2024-04-05 | [Hefty Volumes of US Ethanol and DDGS Shipped in February](https://feedsoft.ai/events/30718-hefty-volumes-of-us-ethanol-and-ddgs-shipped-in-february.md) | -2.2% | -0.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/cropenergies-triples-q2-profit-higher-ethanol-volumes-prices-2022-10-12/

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