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Weekly ethanol exports notch new high

U.S. ethanol exports set a new benchmark since weekly data tracking began in May.

Renewable Fuels Association CEO Geoff Cooper says the average of 8.2 million gallons a day was nearly 60 percent higher than the previous week.

“We’ve not been seeing export numbers from the Energy Information Administration for very long, they just started publishing those on a weekly basis earlier this year. But last week’s export number was the highest since they began reporting that data, and I think that bodes very well for us.”

He tells Brownfield the rise in ethanol exports is typical for this time of year, but some of the markets are not.

“Or I guess markets where we haven’t been shipping a lot of produce in recent years. The European Union has really come on strong this year as a major export market for our product again. And the United Kingdom, which is implementing their own E10 program.”

Cooper says Canada is also implementing a clean fuel standard program and continues to be a leading importer of U.S. ethanol.