Strong U.S. Ethanol and DDGS Export Performance in October
U.S. ethanol exports in October fell 3% to 143.5 million gallons, led by Canada (50.7 mg) and India (20.7 mg). Year-to-date exports hit 1.53 billion gallons, a 35% rise. Ethanol imports remained minimal. DDGS exports rose 10% to 1.11 million mt, driven by Mexico and Colombia. Year-to-date DDGS exports reached 10.21 million mt, up 14%.
U.S. ethanol exports eased 3% in October to 143.5 million gallons (mg), 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. Exports to Canada totaled 50.7 mg, primarily denatured fuel ethanol, 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. Shipments to the United Kingdom, the largest market for undenatured fuel ethanol, fell to 10.6 mg, halving September volumes. Other larger markets included South Korea (tripled to 10.2 mg), Colombia (down 30% to 9.0 mg), and the European Union (down 55% to 8.3 mg, driven by reduced volumes to the Netherlands). Notably, Brazil and China were again absent from the export landscape in October. Cumulatively, U.S. ethanol exports for the year reached 1.53 billion gallons (bg), a 35% year-over-year increase and a record high for the ten-month period.
Fuel ethanol imports into the U.S. remained negligible in October, amounting to just 69,332 gallons from Canada and Sweden. Year-to-date imports totaled 3.60 million gallons, 79% lower than the same period last year.
U.S. exports of dried distillers grains (DDGS), the animal feed co-product generated by dry-mill ethanol plants, rebounded 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. Other large markets showing growth included Vietnam (up 12% to 99,927 mt), the European Union (up 51% to 76,658 mt), and New Zealand (up 70% to 51,021 mt). Conversely, exports declined to South Korea (down 14% to 117,698 mt), Turkey (down 41% to 70,022 mt), and Indonesia (down 15% to 54,956 mt). The remaining quarter of October’s DDGS exports were distributed across 25 additional countries. 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 : RFA
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