Ethanol exports hit 35-month high in November as fuel heads to India

In the US, the ethanol exports for November of 2014 have been announced, with exports reaching a 35-month high at 90.9 million gallons. This is up 15% from October. India was the top destination for U.S. product in November, receiving 27.6 mg, or 30% of total shipments. In a reversal from historical trends, shipments of undenatured fuel ethanol accounted for the majority of November exports.

On the other hand, November exports of U.S. distillers dried grains (DDGS)—the animal feed co-product manufactured by dry mill ethanol plants—slid 19% from October to their lowest monthly level since March 2013. The decrease in November DDGS exports was reflective of the continued collapse of the Chinese market.
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