RFA: US Ethanol Exports Up 23% in March
WASHINGTON (DTN) -- U.S. ethanol exports reached 1.140 billion gallons in March, up 23% from the same period a year ago, according to data released by the U.S. Department of Commerce and analyzed by the Renewable Fuels Association.
U.S. ethanol exports remained robust in March following six straight months in which total volumes have exceeded 100 million gallons (mg).
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Most sales went to Brazil, accounting for 65.7 mg or 47% of total March exports, followed by Canada at 22.7 mg and India at 10.5 mg.
March exports of U.S. undenatured fuel ethanol broadened 36% to 92.2 mg. Brazil was the largest importer with 65.7 mg, up 81% and representing 71% of the market. Switzerland made a record purchase of 9.1 mg after only previously dabbling in our market, while Peru purchased 5.5 mg.
U.S. producers shipped 19% less denatured fuel ethanol in March at 33.3 mg, while Canada remained a top purchaser of the fuel, representing two-thirds of all U.S. sales. The Philippines at 4.9 mg, United Arab Emirates at 3.1 mg, and South Korea at 1.5 mg were other major markets.
The United States imported 10.7 mg of undenatured fuel ethanol from Brazil in March, adding to 0.1 mg of denatured fuel ethanol originated from Canada. This represents the largest first-quarter volume to enter U.S. borders in nearly six years.
(BM/AG)
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