U.S. Ethanol Exports Running Above Year-Ago Levels
USAgNet - 05/25/2018
For the 2017/18 marketing year, U.S. year-to-date exports of corn-based ethanol reached approximately 982 million gallons, up 16 percent from the past year, according to the USDA's Foreign Agricultural Service.
Although Brazil imposed a 20 percent tariff (40 million gallons per quarter) on imports of U.S. ethanol at the beginning of the marketing year, it has not affected demand as expected.
Brazil continued as the top importer of U.S. ethanol, with 348 million gallons, up 13 percent from last year.
U.S. exports of ethanol to China, currently the fourth largest importer of U.S. ethanol, reached 77 million gallons, up 57 percent compared to last year.
Year-to-date exports of ethanol to Europe and South Korea are also up compared to the same time last year.