Brazilian ethanol exports suffer a 27.8% drop in July, to 215 million liters

Ethanol exports, which had grown in June, dropped in July. According to data from the Foreign Trade Secretariat (Secex), of the Ministry of Economy, the country sold 215.15 million liters in the month, 27.8 % less than the same month of the previous year. However, the accumulated volume in 2021 reached 1.2 billion liters, an annual increase of 8.7% compared to the same period last year, when the country totaled 1.1 billion. In addition, the average price of biofuel between January and July was US$507.37/m³, an increase of 8.4% compared to US$468/m³ in 2020.

In July, specifically, the value of Brazilian ethanol was US$ 543.78/m³, an increase of 0.2% compared to June and 26.1% compared to July 2020. As a result, exports generated US$ 117 million of revenue, down 25.1% month-on-month and 9% year-on-year.

In the month, the largest markets were: United States (56.22 million L), South Korea (54.46 million L), Nigeria (26.53 million L), and India (20.70 million L). In 2021, the main destinations for Brazilian biofuel were: United States (432.21 million L), China (275.82 million L), Nigeria (70.09 million L), the Philippines (31.15 million L), and Turkey (26.03 ml).

Source: NovaCana

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https://www.novacana.com/n/etanol/mercado/exportacao/exportacao-brasileira-etanol-queda-27-8-julho-215-milhoes-litros-050821

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