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U.S. GRAINS COUNCIL LISTS TOP TEN POTENTIAL ETHANOL MARKETS
Source: U.S. Grains Council news release

This week's U.S. Grains Council chart of note illustrates the top 10 potential U.S. ethanol markets in the 2014/2015 market year, from Sept. 1, 2014 to Aug. 31, 2015.

The Council has been working in a steering committee to develop ethanol export programs for the 2014/2015 fiscal year. Starting this fall, the team will assess Japan and Korea, Latin America and Southeast Asia as potential markets for U.S. ethanol exports. Starting this fall, the team will assess Japan and Korea, Latin America and Southeast Asia as potential markets for U.S. ethanol exports.

As the chart shows, Japan has the potential to import 459 million gallons of U.S. ethanol in the 2014/2015 marketing year, which would account for 11 percent of global demand for U.S. ethanol, if the fuel is purchased to fulfill a 3 percent fuel blend limit at the same rate as gasoline imports. Mexico has the potential to import 236 million gallons of U.S. ethanol and the Philippines could import 90 million gallons.

These three markets have the potential to represent almost 20 percent of global demand for U.S. ethanol and will all be explored in depth by the Council's assessment activities in the remainder of 2014.




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