News

RFA: ethanol exports down 9% in 2020

U.S. ethanol exports during 2020 were 1.33 billion gallons, down 9% from 2019 and the lowest volume of sales since 2016. The Renewable Fuels Association says that’s still a positive because it’s the fourth highest on record and was despite trade barriers and the COVID-19 pandemic limiting demand. Canada was the biggest buyer at 326 million gallons, 1.5% lower, with Brazil at 200 million gallons, a drop of 40% because of import tariff uncertainties, and India at 190 million gallons. The RFA says imports were higher year to year for India, the European Union, Mexico, and Nigeria.

December ethanol exports were 111.3 million gallons, down 2% from November, while distillers dried grain sales were a seven-month low at 842,738 tons.

The USDA’s next corn for ethanol use is out on the 9^th at Noon Eastern/11 Central.