August Brazil ethanol exports more than triple
Ethanol shipments from Brazil more than tripled in August, according to data from the Williams Shipping Agency.
The increase stems largely from low ethanol prices in the South American country made more attractive because of the strong US dollar.
One US dollar today is worth about 3.81 Brazilian real, while a year ago the dollar bought R2.28 – a gain of 67% in the past 12 months.
Of Brazil’s 15 ethanol exports, 11 sailed to the US. The Navig8 Aventurine carried the largest shipment – 31,334 tonnes – from Santos, near Sao Paulo, to Houston in early August. All but two of the ethanol cargoes originated from Santos, Latin America’s largest port.