Brazil ethanol exports fall 16% in February - shipping agency

23 March 2011 18:04  [Source: ICIS news]

HOUSTON (ICIS)--Ethanol shipments from Brazil totalled 53,590 tonnes in February, a 16% decline from 63,530 tonnes shipped in the same month of 2010, according to data released by the Williams Shipping Agency on Wednesday.

Compared with January’s 75,951 tonnes, Brazil ethanol exports fell 29% in February. Shipping sources said earlier this month that ethanol supply in the South American country was tight and that it could run out of material before the new sugarcane crop is harvested in April and May. The US has been the main importer of Brazilian ethanol in recent years, but that relationship has changed in 2011. Brazil has begun importing US material and shipped only one ethanol cargo to the US in February this year.

That shipment was the month’s largest ethanol export cargo - 16,104 tonnes - on the Stolt Bobcat to Houston. The other six loads out of Brazil went to Europe, Africa, Japan, South Korea and within South America.

Only two Brazilian ports shipped ethanol in February, compared to four ports that shipped in the same month of 2010.

Ethanol shipments out of Santos - Latin America's largest port - rose by 35% during the month to 35,585 tonnes, compared with 26,302 tonnes in February 2010, according to the Williams data.

Shipments from Maceio declined by 33% to 18,005 tonnes in February, compared with 26,834 tonnes in the same month of 2010.

There were no shipments this February out of Paranagua or Suape, which shipped a combined 10,394 tonnes in the same month last year.

Santos accounted for 66% of all ethanol shipped from Brazil in February, and 41% in the same month last year.

Williams is one of the largest shipping agencies in Brazil.

($1 = €0.70)

For more on ethanol visit ICIS chemical intelligence

By: Lane Kelley
+1 713 525 2653

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