US to overtake Brazil as world's largest exporter of ethanol

摘要

The first five months of 2011 saw US ethanol exports more than double, compared to the same period in 2010. By May 2011, export levels had reached 120 million gallons. 'For the remainder of 2011 it is likely thai the United States will surpass Brazil as the world's largest ethanol exporter due to recent supply shortages and resulting high sugar prices in Brazil,' says the EIA. 'US ethanol has been relatively less expensive and has supplied markets that previously imported Brazilian ethanol.' As a result, countries which previously imported Brazilian ethanol are now being supplied with ethanol from the US. These markets include Europe, Jamaica, UAE and Canada.