US ethanol exports fell 29% in one month

Shipments to Mexico increased
Shipments to Mexico increased
US ethanol exports were 99.4 million gallons (mg) in April - a decline of 40.5 mg or 29% from March.
Lighter sales to its largest markets, Brazil (23.8 mg, -36%) and Canada (10.8 mg, -61% to the lowest volume since August 2010) accounted for the majority of that drop.
Exports to India also declined although to a lesser degree (15.8 mg, -19%).
However, shipments to Mexico experienced a six-fold bump as a record 13.8 mg crossed the border. South Korea also saw a sizable jump (12.6 mg, +9%).
These five markets represented 78% of total US global ethanol shipments in April.
US undenatured fuel ethanol shipments in April shifted 6% higher to 63.6 mg. While sales to Brazil dropped by over a third to 23.8 mg, exports were robust to India (12.9 mg, up from zero in March) and Mexico (9.0 mg, up from 1.3 mg). South Korea (3.8 mg), Turkey (3.4 mg), and the Philippines (3.0 mg) were other large markets for U.S. undenatured ethanol.
US exports of dried distillers grains (DDGS) — the animal feed co-product generated by dry-mill ethanol plants — declined by 15% in April to 765,635 metric tons (mt).
Mexico cut imports by a third to 126,756 mt (the lowest volume since May 2017), thereby relinquishing its lead customer status for the first time since October 2018.
While shipments to Vietnam were marginally unchanged from March at 139,724 mt (equivalent to 18% of April worldwide sales), the country became the largest US DDGS importer for the first time. DDGS shipments to South Korea slowed (down 27% to 93,701 mt) while exports tripled to Thailand (up 223% to 85,715 mt).
These four markets were responsible for 58% of global US DDGS shipments, with the remainder parsed out among another 33 countries. Worldwide US DDGS sales for the first four months of the year imply an annualised export volume of 10.48 million mt.
Shipments to Mexico increased