An analyst with Rabobank says the ethanol industry will likely need time to recover from the impact of coronavirus.

Erin Fitzpatrick says, “I think we are a little bit less optimistic of what the recovery is going to look like than USDA is at the moment.”

Fitzpatrick tells Brownfield the ethanol industry was facing challenging times before the coronavirus pandemic and looking at both the 2020 and 2021 crop years, she says the USDA’s current ethanol projections are Rabobank’s best-case scenarios. 

Fitzpatrick says the industry is coming back after losing almost 50% year-on-year demand during the peak of the pandemic.

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