Brazilian truck driver protests inhibiting ethanol trade

August 2, 2017 |

In Brazil, ethanol trade flows are being hindered by truck drivers protesting higher diesel PIS/Cofins taxes by blocking roads. The ethanol market has also stalled as a result of the protests. Platts reported local incidents of protests, disruptions and closures in key areas of Ribeirao Preto where ethanol is produced, Guarulhos where it is stored near Sao Paulo and Santos near the largest ethanol port. Beyond that, protests are expected in Bahia, Espirito Santo, Mato Grosso, Minas Gerais, Santa Catarina and Sao Paulo states.

Category: Fuels

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