Brazil ethanol exports soar by 60% year on year in March

17 April 2012 16:39  [Source: ICIS news]

HOUSTON (ICIS)--Ethanol shipments from Brazilian ports soared by 60% in March to 76,125 tonnes, compared with 47,717 tonnes in the same month of 2011, the Williams Shipping Agency said on Tuesday.

The increase marked the second month in a row of big gains following declines in January and December 2011 that stemmed largely from bad weather in Brazil’s south-central region.

Latin America’s largest port, Santos, provided most of the gain, reporting 59,156 tonnes in March, up by 71% from 34,666 tonnes in the same month last year.

Ethanol shipments from Maceio in March rose by 30% to 16,969 tonnes, versus 13,051 tonnes in the same month a year earlier.

Williams is one of the largest shipping agencies in Brazil.

Three vessels accounted for 83% of all March shipments, carrying one cargo within Brazil, one to South Korea and two to Florida.

The largest ethanol shipment, of 28,646 tonnes on the Frida Maersk, travelled to Port Canaveral in central Florida.

By: Lane Kelley
+1 713 525 2653

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