Sharp fall of crude oil prices made no influence on bioethanol market.
U.S. Energy Information Administration informed the biofuel production level increased to the new record numbers. The latest numbers show the amount of 992 000 barrel daily and there is no reason they will fall soon.
It is worth to mention that the prices for bioethanol now are at their maximum level since 2007 still the world quotes for the crude oil have extremely fallen (February estimates for the Brent oil came to $45 per barrel) and there was a good harvest of corn worldwide.
That is why the possible growing prices for corn are expected as the half of the harvest is used for biofuel production.
