WASHINGTON, Jan. 12, 2017 - The U.S. exported 121.9 million gallons (MG) of ethanol in November, the third-largest monthly total in five years, according to government trade data analyzed by the Renewable Fuels Association (RFA).
Brazil was the top market, RFA says, followed by Canada and China. RFA says exports to Brazil have been rising steadily since May, when the country recorded 6 MG of imports from the U.S.
RFA notes that at 50.9 MG, shipments to Brazil represented 42 percent of the November total, making Brazil the top destination for U.S. ethanol for the second straight month.
In November, Canada scaled back from the prior month, RFA says, accounting for 20 percent of U.S. ethanol exports, at 24.8 MG.
The association says China increased its purchases of U.S.
ethanol in November. The country imported 19.8 MG, or some 16 percent of U.S.
exports, the Asian nation’s largest monthly volume since April, RFA says.
“With only one month left (to account for) in the calendar year, it’s still a toss-up between Canada and Brazil as our largest customer for 2016 as each (maintained) 24 percent of U.S. ethanol export market share through November, with China falling behind at 19 percent,” RFA reported.
Year-to-date exports stood at 947.4 MG, which imply an annual total of 1.034 billion gallons for 2016, the association says.
#30
For more news, go to: www.Agri-Pulse.com