South Korea switches Brazilian ethanol for Pakistani

In South Korea, Platts says Pakistan has become the origin of preference for ENA and REN industrial ethanol imports over Brazil due to appreciation of the Brazilian Real and softening prices expected for Pakistani product. With ongoing extended dryness leading to an early end of the Brazilian crush this year, ethanol prices are expected to increase which will further boost the attractiveness of ethanol exports to South Korea. UNICA says five mills have already stopped crushing for the season.