Ethanol

Ethanol Credits Slump After News of Possible Mandate Cutbacks

Down 25 percent from last week

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A precipitous decline in the market for US ethanol credits accelerated after a leaked proposal showed Washington examining deep cuts to its biofuels mandate.

Renewable Identification Numbers, or Rins, traded at about 32 cents per gallon early on Monday, down 25 per cent from last week.