Seven months into the 2017/2018 marketing year, the United States has exported nearly one billion gallons of ethanol, up 15% year-over-year and an indication of ethanol exports’ support for U.S. grain demand.
March ethanol exports exceeded 215 million gallons, the second highest monthly sales on record behind nearly 220 million gallons in February 2018. Both months far exceed the previous monthly export record of 178 million gallons in December 2011.
“The incredible cost-competitiveness of U.S. ethanol has enabled sales to break through tariffs and set new records despite numerous trade policy issues,” says Mike Dwyer, U.S. Grains Council (USGC) chief economist. “U.S. ethanol remains on track for another banner year of exports.”
Read more about the USGC's ethanol efforts here.
