The latest ethanol and distillers dried grains with solubles (DDGS) export numbers show Brazil is importing more U.S. ethanol as exports of DDGS continue to decline.
According to Renewable Fuels Association (RFA) analyst Ann Lewis, exports of U.S. ethanol totaled 67.0 million gallons in February, down 23% from January’s 14-month high. “Brazil overtook recent leaders Canada and China as the top destination for U.S. product in February,” Lewis reports. Brazil imported over 22 million gallons of U.S. ethanol in February while exports to Canada were 14.5 mg, up 6% over January volumes and exports to China totaled 8.9 mg, down from 29.4 mg in January. On the import side, only marginal volumes of foreign-produced fuel ethanol have entered the United States so far this year.
Exports of DDGS continued to fall in February, to 785,383 metric tons with China remaining the top destination. Exports of U.S. DDGS to Mexico were down 26%. Other top customers were Vietnam, Thailand, Canada, and South Korea.