The United States and Brazil, the two largest producers of ethanol, are looking at a jump in exports of the biofuel this year due to movements by several consuming countries to increase their sources of fuels as the Strait of Hormuz crisis drags on. The U.S. is seeing a jump of 20% in ethanol exports so far this year, on top of record shipments last year, while Brazil could more than double its foreign sales in the new trading season (2026/27) that started in April, representatives for the biofuels industry told Reuters this week. The new market would be a blessing for corn producers and processors in the U.S., as well as for cane growers and mills in Brazil, as they increase production and boost demand for grains and sucrose, supporting prices for those markets.
Source: Reuters/Datamar News