Nov. '18 US Ethanol Exports Up From '17

RFA: US November 2018 Ethanol Exports Up 31% From Previous Year

WASHINGTON (DTN) -- U.S. ethanol exports reached 1.56 billion gallons in November 2018, up 31% from the same period a year ago, according to data released by U.S. Department of Commerce and analyzed by the Renewable Fuel Association.

Exports remained robust in November although volumes decreased 16% to 147.9 million gallons (mg) from October. Most of sales were concentrated in just three countries, accounting for nearly three-fourths of all U.S. ethanol shipments in November. Brazil imported 51.2 mg, representing 35% of total U.S. export sales, remaining the top U.S. ethanol customer for a second straight month. Canada decreased its imports of American ethanol by 8% to 28.4 mg, the lowest volume in seven months but still 19% of total ethanol shipments in November, while Mexico imported a record 4.8 mg, up 144% for the month.

November exports of un-denatured fuel ethanol were 90.5 mg, an increase of 10.9 mg (14%). Brazil purchased 51.2 mg (up 10 mg or 23%), representing 57% of our un-denatured export market while exports to India at 14.6 mg were down 10 mg (41%).

U.S. producers shipped 41.0 mg of denatured fuel ethanol in November, down 55% from the October record (91.4 mg) and the smallest volume in ten months. Most of the global export market contraction can be attributed to the slowdown in major markets, including Brazil, Netherlands and the United Arab Emirates.

Canada captured two-thirds of our denatured fuel export market with 25.7 mg of product, despite a 9% decrease from prior month sales. India's November purchases were up 70% for a 13-month high of 7.5 mg, accounting for 18% of our denatured fuel ethanol market.

November sales of American denatured non-fuel ethanol skyrocketed to a record 12.3 mg, up from 2.5 mg in October with India re-entering the market to purchase 6.0 mg (48% of total sales), while Nigeria also stepped back in with 3.6 mg (29% share) in sales.

The United States imported 9.9 mg of un-denatured ethanol from Brazil in November. Total year-to-date U.S. ethanol imports were at 66.9 mg, representing 13% decline from a year ago.