News

Ethanol exports down on month, holding record pace

U.S. ethanol exports saw a 3% decline from September to October.

The Renewable Fuels Association says October’s total of 143.5 million gallons were primarily to Canada and India, followed by the United Kingdom, South Korea, and Colombia. There were no reported shipments to Brazil, which maintains an 18% tariff on ethanol imports.

U.S. ethanol imports were minimal at 69,332 gallons.

Exports of distillers dried grains with solubles were up 10% on the month at 1.11 million tons, including a three-month high for Mexico, a new record volume for Colombia, and growth in Vietnam.

2024 U.S. ethanol exports are on a record pace, running 35% ahead of 2023, and DDGS exports are 14% faster than last year, while total U.S. ethanol imports are 79% slower than a year ago.

Export demand is driven by several factors, including the value of the dollar relative to other currencies and geopolitical factors.