Alto Ingredients Inc (ALTO)

[Harry Winston]

The demand for ethanol imports is up to record levels in two countries!

These are the first three paragraphs of an article published yesterday in Ethanol Producer magazine.

U.S. ethanol exports for industrial uses to India and South Korea reached records in the 2017/2018 marketing and are on pace to achieve those records again in the current marketing year, with potential for dramatic future growth if each country begins importing ethanol for fuel use.

Ethanol exports to India totaled $271 million in the past marketing year and are up 37 percent to $243 million for the first eight months of the 2018/2019 marketing year. From a volume standpoint, exports to India are up 37 percent from 2017/2018’s 165 million gallons.

Sales to South Korea are also on track for another record year, with 2018/2019 exports tracking 24 percent above 2017/2018 exports worth $122 million. Exports totaled nearly 70 million gallons in the last full marketing year.