This week, the government released U.S. trade data for August 2020 that showed ethanol exports of 101 million gallons (mg), which was a nice uptick from July exports of 74mg. This data brings the new twelve month rolling total through August to 1.36 billion gallons (bg), putting U.S. exports on pace to be 110mg lower than the 1.47bg total in 2019.
Strong industrial demand in several markets – including Mexico, India, and South Korea – is slightly offsetting reduced demand due to COVID and various trade barriers around the globe. Mexico in particular had another strong month of 7mg, versus a more normal pace of 2-3mg per month, primarily due to hand sanitizer and industrial demand. Decreased blending economics are affecting several markets, which is highlighted in discretionary markets like the Arabian Gulf, which is off 77.1mg YTD. Brazil has the largest year over year decrease due to the TRQ and reduced COVID driving demand, down 200mg over the most recent twelve month period versus the 2018 record.
You can explore this export data, as well as the latest DDGS and import data at Growth Energy’s Ethanol Data Hub.
Agri-Pulse Newsmakers: March 24, 2023: @RepAshleyHinson @GrowthEnergy Joe Kakesh @ASA_Soybeans Alexa Combelic on WOTUS, biofuels and farm bill spending Full video here https://t.co/qxMFBVjCdu https://t.co/voTxqZ1j5Q
[email protected] awarded member Kelly Nieuwenhuis with its highest honor, America’s Fuel Award, at its 14th annual Executive Leadership Conference. https://t.co/JHaHMTJWbT
Wondering how the Inflation Reduction Act will affect #ethanol producers? Watch John Fuher from @GrowthEnergy explain in 6 minutes. https://t.co/ZPK3TVdWwt #ira #inflationreductionact
Growth Energy's General Counsel Joe Kakesh discussed year-round E15 and the need for an emergency waiver, as well as other policy priorities on @agripulse yesterday. Tune in! agri-pulse.com/media/videos/p…