The numbers for the most recent marketing year that ended on August 31 show there is good news for U.S. ethanol exports.
U.S. ethanol exports reached the fifth-highest total on record despite the market challenges brought on by COVID-19. Exports were down eight percent from the previous marketing year, reflecting the challenges that COVID restrictions had on fuel demand and trade. The first half of the year’s exports occurred before the widespread stay-at-home orders were issued that drastically lowered fuel demand around the world.
“The lingering effects of COVID-19 stay-at-home orders were reflected in the global ethanol trade in the most recent marketing year,” says Brian Healy, director of global ethanol market development for the U.S. Grains Council. “Looking forward, more aggressive blend rates that have already been set, or will need to be set, to meet emissions reduction goals, will support increased global ethanol demand and trade.”
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