South Korean March ethanol imports jump more than 52%

In South Korea, Platts reports that ethanol imports reached 28,946 metric tons in March, more than 52% higher than March 2017 and more than 10% higher than February. With traders eyeing Brazilian B grade ethanol in hopes that growing supplies thanks to the start of the 2018/19 sugarcane crush will push down prices, in March they took advantage of predominantly Australian origin undenatured ethanol while 62% of denatured ethanol came from the US, followed by Pakistan and South Africa.