Brazil’s August ethanol exports up 2.5 times on year but fell 8% from July

In Brazil, ethanol exports hit their second highest level this in August at 192.6 million liters, 2.5 times higher than August 2014. The level is down 8% from July’s 213.5 million liters. Kingsman expects that at least half of the volume exported in August went to the US, thanks to a strong dollar against the real and higher US ethanol prices. The spread between D5 and D6 RIN prices also played into the arbitrage opportunity. Ethanol exports so far this year are roughly the same as last year at 950.9 million liters.

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