RFA: ethanol exports fall in May
U.S. ethanol exports declined in May.
The Renewable Fuels Association says ethanol exports during May were 147.1 million gallons, down 21% from the four-year high hit in April. Canada was the top customer for the fourteenth month in a row, followed by South Korea, the Netherlands, India, and the United Kingdom. Year to date U.S. ethanol exports are 726 million gallons, 24% ahead of last year’s pace.
Exports of distillers dried grains with solubles were a four-month high at 966,108 tons, an increase of 19% from May, with Mexico taking in their biggest volume in six months. The other top DDGS buyers were South Korea, Vietnam, Canada, and Indonesia. For the first five months of 2022, DDGS exports are 4.7 million tons, up 4% on the year.
The RFA says there were appreciable U.S. ethanol imports for the first time in four months, most of that from Brazil.