USDA sees Chinese ethanol imports falling to 300 million liters in 2017

In China, the USDA’s Beijing bureau said increased import duties on ethanol is seen cutting import demand from the US by two-thirds to 300 million liters in 2017 from 853 million liters last year. As China looks to draw down its record-breaking stocks of poor quality corn through ethanol production, distilleries are expected to produce nearly 13% more this year at around 3.55 billion liters. New factories seen coming online by 2020 will boost production capacity to 6.33 billion liters.