(Bloomberg) — Millions of hungry pigs in China are setting off a chain reaction in the fuel market, causing the biggest oil refiner to rethink its sales strategy.A hog herd boom amid a push to revive supplies of the nation’s favorite meat has driven up corn prices as demand for animal feed soars. That’s sent biofuel costs flying for oil titan Sinopec Group, which is now being forced to scale back its plans to sell E10, a mix of 10% corn-derived ethanol and gasoline.China has a mandate to roll out E10 fuel nationwide from 2020 in an effort to reduce …read more
Source:: Yahoo Finance
