July ethanol exports rose 6%

In Washington, the RFA says July U.S. ethanol exports rose 6% to 107.2 million gallons (mg), marking the tenth consecutive month that exports breached 100 mg. Canada imported 41.6 mg, up 1%, to maintain its status as our largest customer. Sales to Singapore quadrupled to 12.3 mg (its largest imports of U.S. ethanol since Jan. 2018), while exports to the Netherlands increased 7% to 11.4 mg. However, shipments to South Korea declined by a third to an 8-month low of 9.3 mg. Other substantial importers of U.S. ethanol included Peru (5.6 mg, +73%), Mexico (5.3 mg, +10%), and the United Kingdom (4.5 mg, -63%). China and Brazil again were not key market players in July. Total U.S. ethanol exports for the first seven months of 2022 were 932.9 mg, up 30% from the same period in 2021 and remaining on a record pace.