RFA: US Ethanol Exports Surged 95%
WASHINGTON, D.C. (DTN) -- U.S. ethanol exports surged from 89.9 million gallons in September to 175.4 million gallons in October, posting a 95% increase, according to data released by the U.S. Department of Commerce and analyzed by the Renewable Fuels Association.
Data showed Brazil bolstered imports of U.S. ethanol to 54.5 mg, up 49.1 mg, which represents 31% of U.S. export sales, while India purchased a record 29.1 mg or 17% of the total U.S. exports volume. On the other hand, Canada decreased its offtake by 12%, importing 30.7 mg or 18% of U.S. ethanol shipments in October.
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According to RFA analysis, American producers shipped 91.4 mg of denatured fuel ethanol in October, a 35% increase and the highest volume on record. Despite a 7% decrease from the prior month, Canada retained a sizable lead as our top customer at 30.4 mg, or 31% of our export market for denatured product.
October exports of U.S. undenatured fuel ethanol were 79.7 mg, a more than 400% increase after dipping to 13.4 mg in September. Brazil accounted for more than half of the market, 41.5 mg or 52%, and India again took a record 24.6 mg for 31% of global sales of U.S. undenatured ethanol.
October sales of ethanol for non-fuel, non-beverage purposes backed off 54% from the prior month to 4.3 mg.
The United States imported 31.6 mg of undenatured ethanol from Brazil in October. This is the largest monthly volume to enter the United States in five years. Total year-to-date U.S. ethanol imports stand at 57.0 mg -- essentially all sourced from Brazil.
(CZ)
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