RFA says August ethanol exports jumped 56% on the month to nearly 80.5M gallons

In Washington, the Renewable Fuels Association says U.S. ethanol exports in August saw substantial improvement from the prior month’s slump, expanding 56% to 80.48 million gallons (mg). Canada was the top destination for the fifth straight month with imports of 33.9 mg, the largest volume since March (representing 42% of the August U.S. ethanol export market). Given that former key destinations Brazil, China, and India were again nearly absent from the market, the scope of U.S. ethanol exports extended to a broader range of customers than has been the norm. Larger markets included South Korea (9.9 mg, up 86%), the United Kingdom (up fivefold to a two-year high of 6.7 mg), Peru (6.2 mg, up from zero), Nigeria (5.0 mg, up from zero), the Netherlands (4.9 mg, up 22%), and Mexico (4.0 mg, up 83%). Shipments over the first eight months of the year were 796.3 mg, down 10% from the same period in 2020.

The U.S. imported 9.6 mg of undenatured ethanol from Brazil, along with a minimal volume of denatured ethanol from South Africa and Canada.