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RFA: U.S. ethanol exports down in November
U.S. ethanol exports declined slightly from October to November.
The Renewable Fuels Association says ethanol exports of 115.9 million gallons were down 1% on the month, with Canada claiming the top spot for the 32nd month in a row. Colombia took second place with a record amount of imports for that nation, followed by India, the European Union, and the United Kingdom.
Ethanol imports for November were 3.3 million gallons, mostly from Brazil.
Exports of distillers dried grains with solubles fell 7% to 829,911 tons, the lowest volume since April. Mexico was the biggest destination for U.S. DDGS exports for the 17th consecutive month, but that was down 8% from the previous month and a six-month low.
From January to November 2023, U.S. ethanol exports were 1.27 billion gallons, 3% ahead of 2022, with DDGS exports at 9.82 million tons, 3% slower, and cumulative ethanol imports of 20.6 million gallons, a drop of 73% on the year.
Ethanol export demand is driven by several factors, including domestic renewable fuels policies, tariffs and other barriers to entry, and the relative value of the dollar.
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