First cargo of 290 million liters of ethanol booked into the US set to land next week

In California, Platts reports that the first import of ethanol in the US is set to arrive on August 20 into the Port of San Francisco, carrying 40 million liters of ethanol from the Port of Santos, Brazil at $540/cu m FOB Santos but it’s far from the last. Another 250 million liters of ethanol have been booked and will be on their way to the Californian market over the next few months.  Platts reports that anhydrous ethanol has fallen since then at $479/cu m last Thursday.