After an absence of approximately two years, South Korea imported 4000 mt of ethanol from Brazil in September, according to data released in Singapore on Wednesday, October 16.
The transaction occurred as a result of the Brazilian’s ethanol price, which was slightly lower compared to Korean’s, according to brazilian traders. While the price of korean ethanol was traded for about $600/mt, brazilian’s was trading at $590.
The last time Brazil exported to South Korea was in October 2011, with a cargo of 6,231 mt.
The Asian country imported about 18,000 tons of ethanol in September, an increase of 4% from August and up to 14.15% per year.
Other countries that export ethanol to South Korea are Australia, Pakistan, Vietnam and South Africa