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Plentiful, and generally cheap, corn supplies in Brazil’s Center-West region have enticed investment in the corn ethanol sector over the last few years.
Brazil’s consumers have a budding appetite for higher-value food products as the country’s economy recovers from a historic recession and its middle class grows.
The United States exported 836 million gallons of non-beverage ethanol in 2015, nearly all of which was used for fuel.
U.S. ethanol exports rebounded in 2014, with value and volume both up approximately 35 percent from the previous year, although still below the record set in 2011.
U.S. exports of corn-based products have experienced rapid growth in the past decade, reaching a value of $7.6 billion in fiscal year 2014, up 16 percent from the previous year.
Brazilian exports continue to surge and provide growing competition for U.S. farm products.
Brazilian crop and livestock production continues to expand, building on rapid gains over the past few decades.