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October Ethanol and DDG Exports

December 10, 2010

           

October was another strong month for U.S. ethanol exports, according to government data released today. October shipments of denatured and undenatured (non-beverage) ethanol totaled 34.9 million gallons, down 9.9% from September. It is important to note that the Volumetric Ethanol Excise Tax Credit (also known as VEETC, or the ethanol blender's credit) did not apply to these ethanol exports, because the product was not blended with gasoline. Shipments of denatured ethanol totaled 21.9 million gallons, down from the 2010 high of 27.5 million gallons in September. Canada continued to serve as the top destination, with shipments of 13.2 million gallons of denatured product. The United Kingdom, Jamaica, the Netherlands, and Australia (in that order) rounded out the top five. These five destinations accounted for 98% of U.S. denatured ethanol export shipments in October. As for undenatured (non-beverage) ethanol, U.S. producers exported 13 million gallons in October, up 15% from September. The United Kingdom was the top destination for undenatured product, followed (in order) by Mexico, Nigeria, the Netherlands and Australia. Year-to-date U.S. ethanol exports stand at 286 million gallons through October. The industry remains on pace to export 325-350 million gallons in 2010. Distillers dried grains (DDGS) exports totaled 773,207 metric tons in October, down 7% from September. Year-to-date DDGS exports stand at 7.57 million metric tons and the industry remains on pace to export a record amount of approximately 9 million metric tons in 2010.