US Ethanol Exports Down 32% in April

CRANBURY, N.J. (DTN) -- U.S. ethanol exports in April dropped 32% to 87.2 million gallons from March, an eight-month low, the Renewable Fuels Association stated in a news release Friday, basing their findings on government data.

Despite the slowdown in April, RFA, an ethanol trade association, said U.S. ethanol exports remain on a record pace with 474.8 million gallons of shipments over the first four months of 2017.

Brazil accounted for a little more than half of U.S. ethanol exports in April, receiving 44.5 million gallons to remain the top destination for U.S. ethanol exports.

In April, Canada received 19.0 million gallons of ethanol, Peru 3.9 million gallons, the United Arab Emirates 3.3 million gallons, and South Korea with 2.5 million gallons.

"Noticeably absent from the April roster were India and the Philippines. Together, the two counties imported more than 50 mg of U.S. ethanol in March, and India had been the third-leading market for U.S. export in the first quarter," said RFA.

(BM/AG)