By Jamie Martin
The U.S. Grains Council announced at the Corn Congress that U.S. ethanol exports might exceed past records, projecting about 1.7 billion gallons exported this crop year.
This anticipated rise represents nearly a 50% increase from the previous year, with notable gains in key markets except South Korea. The largest import comes from Canada, projected to reach 615 million gallons.
The impact of trade policies and disputes, such as Brazil's 18% tariff on U.S. ethanol, remains significant. Efforts are ongoing to restore free trade with Brazil and advocate for corn starch ethanol's classification as an advanced biofuel, crucial for competing in international markets and for developing a sustainable aviation fuel market.
Alongside ethanol, U.S. corn and distillers grains exports have also seen an uptick. Corn exports have increased by 27% over the previous year, with significant contributions from Mexico despite regulatory challenges concerning GMO corn.
Distillers grains exports have risen by 17%, driven by demand in Mexico, Vietnam, South Korea, Indonesia, and Canada.
Funding initiatives like the Regional Agricultural Promotion Program (RAPP) have further bolstered U.S. efforts in market development, receiving $17 million to support ethanol promotion and feed grains programs across developing regions.
This expansion is credited to grassroots advocacy, highlighting the critical role of continued support and funding for agricultural market development globally.
Photo Credit: us-grains-council
Categories: National