Ethanol Exports at Highest Level in Five Years
USAgNet - 06/07/2016
U.S. ethanol exports totaled 95.5 million gallons in April, a slight 300,000 gallons higher than March and the highest monthly volume since December 2011, according to government data. China was again the top destination receiving 34.5 mg of U.S. product in
April. India nosed out Canada as the second-largest export market. Those top three customers accounted for three-fourths of all U.S. ethanol exports in April.
Year-to-date ethanol exports reached 344.9 mg, meaning the industry is on pace to ship slightly more than 1 billion gallons in 2016.
April exports of U.S. denatured fuel ethanol fell 26% from the prior month to 36.9 mg. Most product shipped to China (22.1 mg)–which scaled back its imports of denatured product by 13 mg from March levels–and to Canada (12.6 mg). Peru (1.3 mg) and
Jamaica (0.9 mg) were the only other major importers of denatured fuel ethanol in April.
Month-on-month exports of undenatured fuel ethanol rose 28% to 52.6 mg, with India leading the pack at 14.5 mg.
April exports of U.S. distillers dried grains with solubles expanded for a second straight month, up 7% to 883,572 metric tons (mt).