FUEL ETHANOL EXPORTS TO INDIA CROSS 100 MLN LITRES FOR FIRST TIME

摘要

Fuel ethanol exports surged by more than 100% on the month reaching 648 mln litres in October 2018, official data show. This was the highest level in exports this year since March when 780 mln litres were shipped overseas. This brought cumulative exports so far in 2018 to 5.053 bln litres against 3.983 bln in 2017. The major country of destination was Brazil receiving 206 mln litres against 202 mln in September and 468 mln in October 2017. No.2 was India with 110 mln litres, the highest volume ever recorded for this country. This brought cumulative exports to this country to 421 mln litres against 561 mln in the same period a year ago. The sharp price decline on the US market in recent weeks is likely to keep exports to this destination at a high level.