Brazil Feb ethanol exports dip but YTD rate still more than double

15 March 2013 16:33  [Source: ICIS news]

HOUSTON (ICIS)--Brazil ethanol exports slipped by 4% in February year on year, but the product's year-to-date export figure was still more than double that for January and February 2012, according to shipping data released on Friday.

Exports from Latin America’s largest port, Santos, Brazil, totalled 62,846 tonnes, down from 65,689 tonnes in the corresponding month of 2012, according to data from Williams Shipping Agency, one of Brazil's largest shipping agencies.

However, Brazil's total ethanol exports in January and February this year soared year on year by 142% on increased production in the country, aided by unusually dry weather late last year.

This year's first-two-months total was 232,234 tonnes, while in January and February last year it was 96,127.

Three vessels accounted for the February shipments, all headed to the US. The largest cargo, on the MCT Alioth, contained 25,537 tonnes.

By: Lane Kelley
+1 713 525 2653

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