USDA: US ethanol exports reach 136 million gallons in July

US ethanol exports increased in July

According to the Foreign Agricultural Service of the USDA, US ethanol exports reached 136 million gallons in July, a 30% increase from June and a 40% increase from July 2021. The top destinations for US ethanol exports in July were Canada, Brazil, and South Korea.

Multiple factors have contributed to the increase in ethanol exports

Several factors have contributed to the increase in US ethanol exports, including strong global demand, high gasoline prices, and the US government’s support for biofuels. Global demand for ethanol is expected to continue growing in the coming years, as more countries adopt policies to reduce greenhouse gas emissions. High gasoline prices have also made ethanol more attractive to consumers, as it is a cheaper alternative to gasoline.

The US government's support for biofuels has also helped to increase ethanol exports

The US government has provided a number of incentives for biofuel production, including tax credits and subsidies. These incentives have helped to make ethanol production more affordable, which has led to increased production and exports.

The increase in ethanol exports is a positive development for the US economy

The increase in ethanol exports is a positive development for the US economy. Ethanol is a renewable fuel that can help to reduce greenhouse gas emissions and improve air quality. It is also a domestic fuel, which means that it can help to reduce the US's dependence on foreign oil. The increase in ethanol exports is also creating jobs and boosting economic growth in the United States.