Ethanol Exports Still on Record Pace
In October, U.S. ethanol exports declined by 3%, with Canada remaining the top market despite a 22% drop. Meanwhile, exports to India surged, increasing fourfold to a seven-month high. Year-to-date, U.S. ethanol exports reached 1.53 billion gallons, marking a 35% year-over-year rise. Additionally, U.S. DDGS exports grew by 10%, with Mexico and Colombia leading the markets.
According to the latest update from the Renewable Fuels Association, ethanol exports were 3% lower in October, reflecting significant market fluctuations and a heavy concentration of shipments to two primary destinations. Canada maintained its status as the leading export market for the 43rd consecutive month, despite a 22% reduction in shipments, marking a four-month low. In contrast, exports to India surged fourfold to a seven-month high of 20.7 mg, comprising the bulk of exported undenatured ethanol intended for applications other than fuel and beverage. So far this year, U.S. ethanol exports have reached 1.53 billion gallons (bg), a 35% year-over-year increase and a record high for the ten-month period.
At the same time, U.S. exports of dried distillers grains (DDGS) increased 10% in October to 1.11 million metric tons (mt), mirroring the large market variability seen in ethanol exports. Mexico remained the dominant market, with exports climbing 33% to a three-month high of 236,492 mt. Colombia set a record high with a ninefold increase to 132,758 mt. Year-to-date DDGS exports reached 10.21 million mt, representing a 14% increase compared to the same period last year.
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Source : Energy.agwired
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