Brazilian ethanol exports hit annual high in December at 286.7 million liters

In Brazil, ethanol exports soared past October’s record for the year in December to a whopping 286.7 million liters, including both fuel and non-fuel ethanol. Total exports for 2015 reached 1.867 billion liters, up nearly 34% on the year, partly in thanks to the real’s sharp devaluation against the dollar. As more Brazilian drivers sought out hydrous ethanol at the pump following the price increase for gasoline and diesel earlier in the year, demand for anhydrous ethanol fell and was subsequently exported.