18 May 2012 18:02 [Source: ICIS news]
HOUSTON (ICIS)--Ethanol exports from Brazil rose sharply in April year on year because of extraordinarily low shipments in the same month of 2011, according to data from the Williams Shipping Agency made available on Friday.
Brazil’s ethanol exports totaled 60,048 tonnes in April, nearly five times greater than 13,081 tonnes shipped in the same month of 2011.
Last year, Brazil’s ethanol supply grew extremely tight in April and prices nearly tripled on a year-on-year basis.
But Brazil’s April exports this year represent the second lowest total in the past 12 months, much higher than the same month in 2011, but much lower than every one of the last seven months of that year.
This week, sugarcane industry group Unica said Brazil’s centre-south sugarcane production in April fell by 42% from a year earlier because of heavy rainfall. Latin America’s largest port, Santos, Brazil, shipped all of the country’s ethanol. There were no shipments from Maceio or Suape.
Williams is one of the largest shipping agencies in Brazil.
Three vessels accounted for all of the April shipments, carrying one cargo to Texas, one to Florida and one to Lagos, Nigeria.
The largest ethanol shipment, 32,216 tonnes on the Eships Falcon, travelled to Port Everglades in south Florida.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections