US ethanol ex­ports surge in Dec

The Pak Banker - - BUSINESS -

U.S. ethanol ex­ports fin­ished the year on a high note, with 81.7 mil­lion gal­lons (mg) of prod­uct ship­ping out to both emerg­ing and long­time mar­kets. Canada was the top desti­na­tion in De­cem­ber, re­ceiv­ing 21.3 mg. Oman ( 13.4 mg), China ( 10.6 mg), the Philip­pines ( 8.8 mg), and the Nether­lands (8.8 mg) were other lead­ing im­porters of U. S. ethanol. De­cem­ber ethanol ex­ports were up 39% over Novem­ber, reach­ing their high­est monthly level since March.

As doc­u­mented in a new sta­tis­ti­cal re­port re­leased by the Re­new­able Fu­els As­so­ci­a­tion last week, U.S. ethanol ex­ports to­taled 836 mg in 2015-iden­ti­cal to the 2014 fi­nal tally.

The RFA re­port pro­vides de­tails on top ex­port des­ti­na­tions, shifts in the mar­ket­place, ethanol im­port vol­umes, the value of ex­ports, and other key data re­gard­ing U.S. ethanol trade in 2015.

De­na­tured fuel ethanol ex­ports to­taled 50.3 mg in De­cem­ber, the high­est monthly to­tal of the year and up 57% from Novem­ber.

At 19.3 mg, Canada was once again the lead­ing im­porter of de­na­tured prod­uct. Mean­while, Oman im­ported size­able vol­umes (13.4 mg) of de­na­tured fuel ethanol for just the third time on record.

Rel­a­tive new­comer China (10.6 mg), the Nether­lands (4.3 mg), and Peru (2.6 mg) were other top spots for de­na­tured fuel ethanol ex­ports. De­cem­ber ex­ports of un­de­na­tured fuel ethanol tal­lied at 28.6 mg, up 18% from Novem­ber.

The Philip­pines (8.8 mg), Brazil (6.4 mg), the Nether­lands (4.5 mg), Bel­gium-Lux­em­bourg (2.6 mg), and Mex­ico (2.2 mg) were the top five mar- kets for un­de­na­tured prod­uct in De­cem­ber. Ex­ports of de­na­tured and un­de­na­tured ethanol for non-fuel, non­bev­er­age pur­poses were 2.8 mg, with Canada re­ceiv­ing 2.0 mg.

U.S. fuel ethanol im­ports fell to 9.4 mg in De­cem­ber, less than half of the Novem­ber im­port vol­ume. To­tal im­ports of fuel ethanol fin­ished the year at 93.2 mg, up slightly from 2014. More than 99% of De­cem­ber im­ports orig­i­nated in Brazil, with the re­main­ing im­ports com­ing from Ger­many.

Ex­ports of U.S. dis­tillers dried grains with sol­ubles (DDGS)-the an­i­mal feed co-prod­uct man­u­fac­tured by dry mill ethanol plants-re­bounded slightly in De­cem­ber, with 988,356 met­ric tons (mt) of out­bound ship­ments. That was up 5% from Novem­ber, but still well below monthly ex­port lev­els recorded from May through Oc­to­ber. DDGS ex­ports fin- ished the year at 12.55 mil­lion mt, a new an­nual record.

China re­mained as the top mar­ket for U.S. DDGS ex­ports in De­cem­ber, de­spite set­ting an 11-month low. China re­ceived 226,049 mt, down 20% from Novem­ber and less than one-quar­ter of the DDGS vol­ume im­ported as re­cently as July.

For­tu­nately, other mar­kets con­tin­ued to step up their im­ports, with big in­creases seen in Mex­ico (166,321 mt), South Korea ( 110,916 mt), Canada ( 66,002 mt), and Viet­nam (65,703 mt). For the full cal­en­dar year, China was the top mar­ket, re­ceiv­ing 6.3 mil­lion mt, or 50% of to­tal ex­ports.

Mex­ico was the No. 2 mar­ket at 1.65 mil­lion mt (13%), while Viet­nam (660,032 mt), South Korea (643,572 mt), and Canada (511,783 mt) rounded out the top five.

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