US ethanol exports declined 3% to a three-month low of 81.4 million gallons (mg) - about 40% less than the volume shipped a year ago, according to the Renewable Fuels Association. All exported US ethanol landed in just 10 countries in November.
Canada secured its place as the US’s top customer for the 20th consecutive month as shipments to Canada increased 8% to 47.9 mg—an unprecedented 59% of all exports.
US ethanol exports also expanded to South Korea, up 54% to 7.8 mg.
Other larger markets included Mexico (5.1 mg, -21%), the European Union (4.6 mg, -33% to a 14-month low) — primarily led by the Netherlands — Peru (4.5 mg, -1%), and the United Kingdom (3.3 mg, -5%).
India, Brazil, and China were principally absent from its export market in November. Despite the recent relaxed pace, year-to-date US ethanol exports total 1.28 billion gallons, 15% ahead of last year at this time.
The US imported 18.9 mg of undenatured ethanol from Brazil. Total year-to-date imports stand at 77.2 mg, or 32% more than last year at this time.
US exports of dried distillers grains (DDGS), the animal feed co-product generated by dry-mill ethanol plants, slipped 9% to 728,409 metric tons (mt) — the lowest volume since May 2020.
In line with recent trends, three markets represented half of total US DDGS shipments. Mexico, the US’s top customer for the fifth consecutive month, imported 205,769 mt (up 33% to a 4-month high).
Shipments to South Korea scaled back 30% (91,838 mt), while exports to Vietnam were half of October’s volume (68,223 mt, a 9-month low).
Other larger markets include Canada (60,304 mt, +16%), Indonesia (52,414 mt, -8%), Japan (38,037 mt, -21%), and the European Union (27,559, -59%) — primarily led by Ireland.
Total exports for the first eleven months of 2022 totalled 10.12 million mt, lagging 5% behind last year’s pace.
Global sales of US ethanol in pre-Christmas fall
Loading ...
