U.S. ethanol production edged higher for the week ending April 10, according to data from the Energy Information Administration analyzed by the Renewable Fuels Association. Output rose 0.4 percent to a five-week high of 1.12 million barrels per day, or 47.04 million gallons daily. Production was up 10.7 percent from a year ago and exceeded the three-year average by more than 11 percent.
Ethanol inventories also increased, climbing 2.5 percent to 26.7 million barrels. Stock levels remain slightly below last year but above the three-year average, with gains concentrated along the East and Gulf Coasts. Demand showed strength as gasoline supplied to the U.S. market jumped 6.1 percent to 9.09 million barrels per day, a five-week-high. However, ethanol blending slowed, with net inputs falling 2.2 percent to a six-week low. Meanwhile, ethanol exports dropped sharply by 60 percent, marking a notable pullback in international shipments.
SOURCE: NAFB News Service
