Ethanol Imports Continue Decline
Before Congress extended a tariff on ethanol, its imports declined for the second straight month this October, the Federal Energy Information Administration reports.
Compiled by staff
Published: Dec 15, 2006
Before last week's extension of a U.S. tariff on imported ethanol, it was already in decline - at least in October and September. According to the Federal Energy Information Administration, U.S. ethanol imports dropped for the second consecutive month in October, to 1.505 million barrels, down from 2.194 million in September.
The 54-cent per gallon tariff on ethanol imports was set to expire in October 2007, but last week Congress extended the tariff until January 2009 in order to encourage domestic ethanol production.
Brazil was the largest supplier of ethanol to the U.S. in October at 824,000 barrels, but that number was down from 1.318 million barrels in September. Of the October shipments, 600,000 went to the East Coast and just over 100,000 went to both Houston and the West Coast.
China was a distant second supplier, with 184,000 barrels, and El Salvador and Costa Rica exported 158,000 and 127,000, respectively, to the U.S.
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Tagged: ethanol, Extension
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