Industry and government officials from the United States and 17 countries in Asia and Oceania are meeting in Minneapolis this week at the Ethanol Summit of the Asia Pacific, focused on current and future prospects for expanded ethanol use throughout the region. The event, sponsored by the U.S. Grains Council (USGC), Growth Energy and the Renewable Fuels Association (RFA), is …
RINs for Exports Would Mean More Demand Destruction
A proposal to allow exported renewable fuel volumes to count toward RFS compliance would lead to further demand destruction for U.S. ethanol producers and corn growers, according to Renewable Fuels Association Executive Vice President Geoff Cooper, who explains why in a blog post this week. In addition, Cooper says allowing exports to qualify for the RFS would likely offset any …
Growth Energy Creates Global Markets Post
Growth Energy has appointed industry veteran Craig Willis as Senior Vice President of Global Markets, effective June 1. Willis, who has served as President of Ethanol for Archer Daniels Midland (ADM), will oversee the organization’s market development efforts to increase ethanol’s footprint both at home and abroad. “Craig is an ethanol all-star. He has an exceptional track record of building …
Latest Ethanol Export and Production Numbers
The volume of U.S. ethanol shipments in March was the second-highest in history, just two percent less than the record set in February, according to the latest government data analyzed by the Renewable Fuels Association (RFA). U.S. ethanol exports totaled 215.1 million gallons (mg) in March, with Brazil once again the leading destination for the fifth straight month, receiving 95.9 …
Ethanol Exports Hit Record High
U.S. ethanol exports skyrocketed to a record 218.7 million gallons in February. That is up 148% from January and nearly 50 million gallons more than the previous record set in December 2011, according to government data analyzed by the Renewable Fuels Association (RFA). However, trade sources believe that February’s export data includes some volume that was actually exported in late …
China Strikes Back
From almonds to frozen edible swine offal, the majority of the 128 products on which China imposed retaliatory tariffs Monday are agricultural, making farmers bear the brunt of the reaction to U.S. steel and aluminum tariffs. “This is a tax on American farmers, brought about by protectionist trade policies,” said Farmers for Free Trade (FFT) Co-Chair Max Baucus. “American farmers …
Ethanol on China’s Draft Retaliation List
Following action by President Trump yesterday to impose tariffs on up to $60 billion in Chinese imports, China is making its list of what U.S. products will be the target of retaliation. The list reportedly includes agricultural products such as U.S. pork, modified ethanol, wine, fruits and nuts, and soybeans are expected to be as well. “We’re disappointed that China …
Export Exchange 2018 Scheduled for October
The U.S. Grains Council (USGC), the Renewable Fuels Association (RFA) and Growth Energy will host domestic suppliers, international buyers and end-users of U.S. feed grains and co-products at Export Exchange 2018, to be held Oct. 22 to 24 in Minneapolis, Minnesota. “Export Exchange is uniquely focused on connecting international grain buyers with U.S. suppliers,” said Iowa farmer Deb Keller, USGC …
Ethanol and DDGS Exports Fall in January
U.S. ethanol exports dropped by half in January compared to December’s record high, according to government data released this morning and analyzed by the Renewable Fuels Association (RFA). January ethanol exports totaled 88.3 million gallons (mg), the lowest volume in four months. Despite the imposition of a tariff rate quota and 20% tariff in September, Brazil was the leading destination …
NEC Hosts International Ethanol Buyers for Third Year
More than 150 business-to-business meetings between domestic ethanol producers and international buyers from five countries were held at the Renewable Fuels Association’s National Ethanol Conference in San Antonio last week. It was the third year for the conference to host the event through the Department of Commerce’s International Buyer Program (IBP), a joint government-industry effort to promote U.S. export sales. …