Brazil ethanol exports plunge 60% in January, year on year

27 February 2012 21:43  [Source: ICIS news]

HOUSTON (ICIS)--Ethanol shipments from Brazilian ports plunged by 60% in January to 30,438 tonnes, compared with 75,950 tonnes in the same month of 2011, the Williams Shipping Agency said on Monday.

The drop followed a sugarcane industry report in mid-February showing that ethanol sales from production units in Brazil’s south-central region dropped 32% in January, mostly from bad weather.

Ethanol exports fell by 31% at Santos, totaling 28,014 tonnes compared with 40,737 tonnes in January 2011. Ethanol shipments from Paranagua in January almost doubled to 2,425 tonnes, compared with 1,280 tonnes in the same month a year earlier.

Williams is one of the largest shipping agencies in Brazil.

Four vessels accounted for all January shipments, with two cargoes to Argentina, and two to the US.

The largest ethanol shipment, of 19,237 tonnes on the Stolt Ami, travelled to La Plata, Argentina.

By: Lane Kelley
+1 713 525 2653

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