Brazilian ethanol exports tumble 40 percent as US import demand vanishes

In Brazil, November ethanol exports were down 40 percent from 2006, falling from 132 million gallons to 80 million. The fall in US demand, resulting from a production glut in the United States, caused the fall, and resulted in more than 63 percent of shipments to go to Europe.

20 percent of shipments were headed for the US or to Caribbean ports where it is typically re-exported. 83 percent of northbound shipments went to Caribbean ports, where it can be re-exported tax free to the US.

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