Biofuels Digest Indexâ„¢ falls 3.04 percent to 116.91 as January meltdown continues

The Biofuels Digest Indexâ„¢, a basket of public biofuels stocks, fell 3.04 percent to 116.91 on concerns over the economy and the effect of rising commodity prices on ethanol margins.  Every stock in the Index was down or flat in Thursday’s trading, with sector giant Archer Daniels Midland (ADM) down 2.86 percent to $41.16 leading the downward trend.

Among mid cap ethanol stocks, Pacific Ethanol (PEIX) plummeted 10.24 percent to $5.52. Among small caps, Nova Biosource Fuels (NBF) fell 5.98 percent to $2.20 despite the announcement of new marketing initiatives, while Better Biodiesel (BBDS.OB) tumbled 13.48 percent to $0.77. Green Energy Resources (GRGR.PK) was able to hold at $0.13 for the day.

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