US Fuel Ethanol Exports Climb 8% in Oct

NEW YORK (DTN) -- U.S. ethanol exports in October rose 8% to 93.6 million gallons from September, climbing for the first time since July, said the Renewable Fuels Association in a news release Tuesday, basing their findings on government data.

For ten months of 2017, the ethanol trade association reported that exports totaled 1.09 billion gallons, an annualized export volume of 1.30 billion gallons.

Canada was again the top destination for U.S. exports at 33.9 million gallons, accounting for more than one-third of total exports or an 18% increase over September.

Spain was the second-leading market in October, although this was their first meaningful purchase of U.S. ethanol in 37 months, taking in 13.4 mg.

India's imports of U.S. ethanol fell 35% from September to 13.2 mg, but that was good enough to rank third in October.

Exports to Brazil in October ticked downward for the third straight month, likely a result of the nation's implementation of a tariff rate quota and 20% tariff in September. U.S. shippers sent 12.9 mg of ethanol to Brazil, a 32% decrease from September.

Canada, Spain, India, and Brazil accounted for 78% of all shipments in October, while another 20% was parsed out amongst seven other countries.