Brazilian ethanol exports jump in August to highest since October 2013

In Brazil, Reuters reports that the country exported the most ethanol in August since October 2013 at 314 million liters, up from 241 million liters in August 2018, thanks to sugar mills continuing to focus on ethanol production rather than sugar as has been the case for the past two years. August’s figure is also higher than the July exports of 206.7 million liters. Brazil just agreed to extend its import of US-origin ethanol following senior officials meeting with President Trump last week but most of those imports occur during the inter-harvest period between January and March.