Ethanol exports up sharply on month

Ethanol exports up sharply on month

U.S. ethanol exports shot higher in January.

The Renewable Fuels Association says the total of 117.8 million gallons was up 59% from December and the highest in 8 months with Canada taking the top slot for the 22nd month in a row. That was followed by the United Kingdom, which took in its largest volume in more than a decade, along with South Korea, the European Union, and India.

Exports of distillers dried grains with solubles fell 13% to just over 770,000 tons, with shipments to top customer Mexico at a nine-month low and South Korea down 10%, while imports by the European Union were a four-month high, with most of that on the way to Ireland.

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