In the 2017/2018 marketing year, US ethanol exports reached 1.62 billion gallons (6.13 billion litres), jumping 19% above the previous year’s record, according to final data released in October by the US Grains Council (USGC).
USGC chief economist Mike Dwyer said that the US is the world’s lowest-cost ethanol producer, which has helped it capture over 65% of global ethanol exports in the 2017/2018 marketing year.
US exports of dried distiller’s grains with solubles (DDGS) increased by 5.7% year-over-year. Mexico, South Korea, Turkey and Vietnam all bought more than a million tonnes of US DDGS in the 2017/2018 marketing year.
The country’s total exports of feed grains and co-products also set a new record for a second year running, driven by higher sales of corn and ethanol.
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US ethanol exports rise to new record in 2017/18