Brazil ethanol exports to drop 47% in 2010 - trade group

26 August 2010 21:32  [Source: ICIS news]

HOUSTON (ICIS)--Brazil’s ethanol exports will likely drop by around 47% this year, an industry group said on Thursday, predicting the country will ship some 1.45bn litres of the biofuel this year.

The figure is down from 2.76bn litres exported in the 2009-2010 crop year, said Brazilian sugarcane industry association Unica.

The drop is chiefly due to a closed arbitrage window with the US, the main importer of Brazilian ethanol in recent years.

Unica’s projection is for exports from Brazil’s centre-south region, which accounts for around 90% of the country’s ethanol output.

The sugarcane harvest in the area usually runs from April to November.

Centre-south mills exported 867m litres of ethanol between 1 April and 15 August, a 46% reduction year on year, the group said.

Meanwhile, exports of sugar by the centre-south rose by nearly 11% between to 8.8m tonnes between April and July, Unica said, projecting shipments would increase by 8.6% to 22.75m tonnes in the 2010-2011 crop year.

Brazil is the world’s top sugar producer and the leading exporter of ethanol.

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By: William Lemos
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