Tokgoz, Simla - European Association of Agricultural Economists - EAAE - 2008
this end, first a baseline is set up for the EU-27 ethanol, grain, and dried distillers grains markets. In the next step … with the ethanol import tariffs in place. The second scenario incorporates the same shock with the ethanol import tariffs … removed. In the first scenario, higher crude oil prices increase ethanol consumption, production, and therefore grain prices …