RFA says March ethanol exports hit six-year low at 125.1M gallons

In Washington, the Renewable Fuels Association says U.S. ethanol exports declined 13% to 125.1 million gallons (mg), the lowest March shipments in six years. Canada logged its twelfth consecutive month as our top customer with a 10% increase to 34.2 mg (equivalent to 27% of total exports in March). Sales to South Korea spiked 38% to a record high of 25.3 mg (20% of March exports). However, India cut its imports of U.S. ethanol by almost half to 13.7 mg (11% of March exports). Other larger customers were Nigeria (10.8 mg, +115% to a record high), Mexico (8.3 mg, +15%), the Netherlands (7.7 mg, +2%), Singapore (6.1 mg, +21% to a four-year high), and Peru (4.5 mg, +124%). Notably, China and Brazil were absent from our export market in March. U.S. ethanol exports for the first quarter of 2022 totaled 392.0 mg.