date:Jul 08, 2014
last year.
Industrial Ingredients Division
- Sales declined 10% from last year as a 36% decline in corn prices reduced by-products and paper starch revenues.
- The bio-products platform continued to grow with 15 new product applications commercialized over the last nine months.
- Higher bio-products sales, better ethanol crush margins, and stronger starch shipments overcame $2.5 million in additional production costs due to higher natural gas prices (by 69%) and electricity rates (by 23%) brou