U.S. Exports of Ethanol and Distillers Grains Strengthened in May
U.S. ethanol exports rose 7% in May to a monthly record of 184.7 million gallons, led by strong shipments to Canada, the UK, and Colombia. Year-to-date exports are up 10%. Meanwhile, dried distillers grains (DDGS) exports grew 3% to 918,108 metric tons, with notable increases to Turkey, the EU, and Southeast Asia, despite a 7% YTD decline.
U.S. ethanol exports expanded 7% to 184.7 million gallons (mg) in May, setting a record for the month. The gains were concentrated among a few key markets. Shipments to Canada, the longtime top destination, increased 12% to 61.3 mg, accounting for two-thirds of denatured ethanol volumes. Exports to the United Kingdom rebounded sharply, nearly tripling to 30.9 mg. Colombia took 13.0 mg, up 69% for the month. However, exports to the European Union, the second-largest destination, slipped 7% to 31.9 mg, almost all of which went to the Netherlands. Additionally, shipments to South Korea declined 14% to 10.8 mg, while those to India dropped by half to 9.4 mg. Year-to-date U.S. ethanol exports hit 889.5 mg, up 10% from the same period last year.
The U.S. imported a modest 30,988 gallons ethanol in May, largely denatured fuel ethanol from Canada. Cumulative imports for the first five months of the year totaled just 3.4 mg.
U.S. exports of dried distillers grains (DDGS), the animal feed co-product generated by dry-mill ethanol plants, rose 3% to 918,108 metric tons (mt). Mexico remained the top customer, taking 207,818 mt, or nearly a quarter of all shipments, an increase of 13% for the month. Exports to South Korea, on the other hand, dipped 26% to 95,831 mt, the lowest level of the year. There were notable increases in volumes sold to Indonesia (90,215 mt, +15%), Vietnam (88,184 mt, +12%), the European Union (70,345 mt, +40%), Turkey (56,279 mt, +277%), and Canada (45,803 mt, +12%). Cumulative U.S. DDGS exports through May were 4.50 million mt, down 7% from last year.
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Source : RFA
