The US Grains Council (USGC) now sees Japan, Indonesia, Vietnam and the Philippines as priority markets for US ethanol in Asia, the council’s head of Strategic Marketing/Ethanol in North Asia told Reuters.
The USGC is working to build demand for US ethanol in other markets in Asia as it seeks to at least partially compensate for the drop in China, where ethanol is facing high tariffs.
US ethanol exports to Asia stand at around 200-300 million gallons per year. The country aimed to reach 1.5 billion gallons in five years, but Ted Tierney of the USGC sees 1 billion gallons as a more realistic target when the trade dispute with China is added to the calculation. India is not included in this target.
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Japan, Indonesia, Vietnam and Philippines seens as important markets for US ethanol