Brazilian ethanol exports slide in May 35% from April

In Brazil, ethanol exports slumped 35% in May compared April to just 83.6 million liters despite FOB prices falling 7% to $555.90/cu m. The figure was also 30% lower than May 2016 but that prices were also 20% higher last month. Exports have fallen by nearly half since the beginning of the year at 432 million liters. Most of the exports, about 305 million liters, went to the US, 7% more than in April. Exports to South Korea have fallen to almost nothing at just 6 million liters through April compared to 252 million liters during the same period last year due to increased competition from the US and Peru.