# With corn ethanol on the rise, Brazil doubles DDG exports - DatamarNews

> Brazil's DDG/DDGS exports doubled in 2023 to 608.9 thousand tonnes, generating $180.52 million, according to the corn ethanol union Unem. Exports are projected to grow about 30% this year as new markets open, and production could reach 3 million tonnes this harvest.

- Date: 2024-02-08 · published 2024-02-08T12:00:00.000Z
- Category: trade · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/31775-with-corn-ethanol-on-the-rise-brazil-doubles-ddg-exports-datamarnews
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Rising Brazilian DDG supply adds competition in global export markets for US DDGS, which could weigh on export prices. The volumes remain small relative to Brazil's 80-million-tonne feed output.

## Read by commodity

- CORN: neutral
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-12 | [New project seeks to boost Brazilian corn meal exports - DatamarNews](https://feedsoft.ai/events/35033-new-project-seeks-to-boost-brazilian-corn-meal-exports-datamarnews.md) | -5.7% | -8.7% |
| CORN | 2024-12-05 | [Ethanol exports down on month, holding record pace - Brownfield Ag News](https://feedsoft.ai/events/26948-ethanol-exports-down-on-month-holding-record-pace-brownfield-ag-news.md) | +4.3% | +5.8% |
| CORN | 2022-09-19 | [US Ethanol Exports on Track for One of the Best Years on Record](https://feedsoft.ai/events/39570-us-ethanol-exports-on-track-for-one-of-the-best-years-on-record.md) | +0.0% | +0.2% |
| CORN | 2022-09-20 | [Brazil ethanol exports to Europe to hit 12-year record, as Europe margins crash](https://feedsoft.ai/events/39566-brazil-ethanol-exports-to-europe-to-hit-12-year-record-as-europe-margins-crash.md) | -2.5% | +2.4% |
| CORN | 2024-04-04 | [Ethanol exports down, DDGS up in February - Brownfield Ag News](https://feedsoft.ai/events/30725-ethanol-exports-down-ddgs-up-in-february-brownfield-ag-news.md) | -1.0% | -1.1% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/with-corn-ethanol-on-the-rise-brazil-doubles-ddg-exports/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.