November U.S. Ethanol Exports Were Second Highest on Record, DDGS Shipments Declined
U.S. ethanol exports surged 14% in November to a record 211.3 million gallons, led by strong demand from the EU, India, UK and Colombia. Year-to-date exports already surpassed 2024’s record. DDGS exports dipped 13%, reflecting weaker demand from key markets.
U.S. ethanol exports were the second highest on record in November, strengthening 14% to 211.3 million gallons (mg). It marked just the second time monthly exports have exceeded 200 mg, trailing only the March 2018 level. The gain was driven by record-high shipments of both denatured fuel ethanol and undenatured industrial ethanol.
Canada remained the top destination, even as U.S. shipments declined 14% to 77.7 mg. However, larger exports to other top destinations more than made up for the reduction. Shipments to the European Union (predominantly the Netherlands) rose 7% to 45.6 mg. Exports to India quadrupled to 31.8 mg, consisting almost entirely of undenatured industrial ethanol, which set a record. Shipments to the United Kingdom climbed 30% to 17.1 mg, while exports to Colombia jumped 84% to 12.9 mg. Rounding out the top ten markets were Nigeria (6.6 mg, up from zero in October), Peru (6.1 mg, up sevenfold), the Philippines (tripling to 5.3 mg), South Korea (2.8 mg, down 70%) and Mexico (2.5 mg, down 67%). Through November, U.S. ethanol exports totaled 1.96 billion gallons, already surpassing the record total for all of 2024, and 13% ahead of the same period that year.
The U.S. imported a negligible amount of fuel and industrial ethanol in November. Year-to-date ethanol imports stand at 3.7 mg.
U.S. exports of dried distillers grains with solubles (DDGS)—the high-protein coproduct of dry-mill ethanol plants—declined 13% in November to 933,557 metric tons (mt). Mexico remained the largest destination, though U.S. shipments edged down 1% to 188,335 mt. Among other top destinations, exports rose to Vietnam (115,603 mt, +17%), Indonesia (105,354 mt, +10%), and Colombia (43,584 mt, +6%). However this was more than offset by significant decreases to other key countries, including South Korea (118,456 mt, -18%), Turkey (79,304 mt, -33%), Canada (53,790 mt, -10%), New Zealand (40,158 mt, -33%), the European Union (32,405 mt, -45%), and the United Kingdom (17,885 mt, -63%). Year-to-date DDGS exports totaled 10.70 million mt, trailing 2024 by 3%.
The U.S. Census Bureau will be releasing December trade data on February 19.
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Source : RFA
