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U.S. ethanol exports at near-record levels

The U.S. is exporting ethanol at near-record levels.

For the 2014 and 15 marketing year, the U.S. Grains Council (USGC) forecasts ethanol exports to reach 850 million gallons, second only to 2011’s 1.2 billion.

Although Canada, the top international customer of ethanol, has reduced demand by 26 percent, all other major markets have shown increases.

Brazil and the Philippines have grown by 40 percent or more compared to last year, and are the number two and three customers of U.S. ethanol.

USGC contributes some of the success to increased promotion and competitive prices.