According to DATAGRO’s VIP report, Brazilian ethanol exports surged 70.6% in May compared to the same month last year, setting a record. From January to May, biofuel shipments increased by 7.3% over the previous year. Revenue from these exports increased by 52.5% compared to May 2023, reaching USD 95.07 million. In May, the United States was the top export destination, accounting for 36% of the total, followed by South Korea at 32.1%. Year to date, South Korea leads with 39.5% of purchases, while the United States has 18%.
Source: Datagro (*Translated by Ia Niani)
BRAZILIAN ETHANOL EXPORTS SAW AN ANNUAL GROWTH OF 70.6% IN MAY
Published On - 14 de June de 2024