Ethanol exports jump 6% in August to five month high
In Washington, US Census Bureau and Commerce Dept. data shows ethanol exports expanded 6% in August to a five-month high of 211.8 million gallons (mg), supported by sizable gains across most major markets. Canada remained the leading destination, with shipments climbing 14% to 84.8 mg, accounting for 40% of total U.S. ethanol exports and 58% of denatured fuel shipments. Exports to the European Union increased 2% to 51.6 mg, with most shipments entering through the Netherlands, while the EU remained the principal destination for undenatured fuel ethanol. Shipments to the United Kingdom jumped 52% to 19.5 mg, a 13-month high, and exports to Colombia surged 163% to 12.7 mg. Vietnam pulled back 44% to 10.4 mg following record-high shipments in July. Collectively, these five markets accounted for 85% of total U.S. ethanol exports in August. Other sizable destinations included Peru (8.0 mg), South Korea (6.7 mg), Mexico (5.7 mg), and Guatemala (4.8 mg). Brazil remained essentially absent from the market for the fifth consecutive month. Through August, U.S. ethanol exports totaled 1.62 billion gallons, running 12% ahead of the same period last year.
No U.S. ethanol imports were recorded in August, leaving year-to-date imports below 500,000 gallons.
Category: Fuels
