Overall U.S. ethanol exports were higher in October compared to September, as shipments from Brazil declined sharply, according to government data released this morning and analyzed by the Renewable Fuels Association (RFA).
Total exports were 93.6 million gallons (mg) in October, up 8% from September shipments. Canada was again the top destination importing more than one-third of total exports, up 18% over September. Spain jumped into the U.S. ethanol market for the first time in over three years to take second place with 13.4 mg. And while India’s imports of U.S. ethanol fell 35% from September, it was still ranked third.
Exports to Brazil in October continued their downward slide for the third straight month, impacted by the implementation of a tariff rate quota and 20% tariff in September. Brazil imported just 12.9 mg of ethanol, a 32% decrease from September.