The volume of ethanol exported has been falling since November, however Brazilian mills increased exports by 4.1% in February 2021 when compared to the same period in 2020. The volume exported was 156.66 million liters, which is the highest result for February since 2016. In 2021, ethanol exports totaled 343.31 million liters, up 50.9% compared to the first two months of 2020. Data were released by the Foreign Trade Secretariat (Secex), of the Ministry of Economy. In the two months, the main biofuel destinations were: South Korea (81.83 mi L), Netherlands (23.83 mi L) and China (16.22 mi L). The United States ranked tenth, with 1.85 million liters. The average price of ethanol exported in February was US$ 461.35 per cubic meter. The value is slightly above the US$ 460.48/m³ seen in January, but it is 19.6% below the US$ 574.13/m³ recorded in February 2020. Still, in the accumulated of 2021, the revenue with the Ethanol sales were US $ 158.22 million, which represents a 22% increase in the annual comparison.
Source: Nova Cana
*Translated by Ia Niani