Tag: Brazil

Falling Real to see mills switch to ethanol and reduce imports from US

Falling Real to see mills switch to ethanol and reduce imports from US

May 22, 2017 |

In Brazil, last Friday’s slide of the Real could see imports from the US slow even further as lower sugar prices push mills to switch to ethanol production, boosting local supplies rather than relying on the US. Already the government had put in place storage requirements for importers similar to domestic producers, a move that […]

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Brazil’s ethanol parity price likely hit by presidential scandal-induced Real rollercoaster

Brazil’s ethanol parity price likely hit by presidential scandal-induced Real rollercoaster

May 18, 2017 |

In Brazil, accusations against the country’s president suggesting he bribed a witness to a corruption investigation have sent the Real sliding by 8%, a move that will likely impact the ethanol parity price that mills use to determine whether they will produce ethanol or sugar. That price was recently around 15 cents per pound against […]

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Raizen Energia’s Q1 results hit hard by lower ethanol prices and sales

Raizen Energia’s Q1 results hit hard by lower ethanol prices and sales

May 17, 2017 |

In Brazil, Raizen Energia’s Q1 EBIDTA was hit hard by 19% lower ethanol sales on year and 2% lower ethanol prices that resulted in a 21% drop in its net revenue. The company saw its EBIDTA fall 36% on the year over all for the period. For 2016/17, ethanol prices were up 4% so even […]

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Brazil tightening ethanol stocks rules to head off need for tariff

Brazil tightening ethanol stocks rules to head off need for tariff

May 16, 2017 |

In Brazil, though the energy minister is against tariffs on ethanol imports that could potentially trigger retaliation from the US, he said the country is instead looking to tighten up rules so that imports are on an even playing field with domestic producers that may help to stem the flood of corn-based fuel from the […]

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Ethanol production in Parana down 51% in H2 April due to slow start to the crush

Ethanol production in Parana down 51% in H2 April due to slow start to the crush

May 10, 2017 |

In Brazil, ethanol production in Parana state was down 51% during the last half of April at 45.1 million liters in light of significantly lower cane crush. During the period, 1.4 million metric tons were crushed, 45% less than in April 2016. Of the total, 47.2% of the cane was used for ethanol production. More […]

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Brazil postpones ethanol import duty position until June

Brazil postpones ethanol import duty position until June

May 8, 2017 |

In Brazil, the country’s foreign trade board has postponed a decision on reinstating the ethanol import duty until June, a move welcomed by the US ethanol industry. The center-south ethanol industry is seeking a 20% import tariff while the north-northeast industry, where most ethanol imports are entering the country, is looking for a 20% tariff. […]

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ANP says Brazilian hydrous ethanol demand hit 1 billion liters in March

ANP says Brazilian hydrous ethanol demand hit 1 billion liters in March

May 3, 2017 |

In Brazil, national fuel agency ANP said hydrous ethanol demand began to recover in March at the highest levels since December at 1 billion liters, but the figure was still 11% down on the year. More than 93% of consumption was in the center-south region where a return to the crush provided more supply availability […]

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Brazil to vote on ethanol import tariff Wednesday

Brazil to vote on ethanol import tariff Wednesday

May 3, 2017 |

In Brazil, northeastern sugar millers are concerned that the Ministry of Finance will work in favor of foreign ethanol imports from the US rather than protecting their domestic industry when the proposed reinstatement of an import tariff on ethanol comes up for a vote at the Brazilian Chamber of Commerce on Wednesday. The agriculture ministry […]

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Brazil looks to 20% ethanol import tariff but may draw US ire

Brazil looks to 20% ethanol import tariff but may draw US ire

May 1, 2017 |

In Brazil, the country’s agriculture minister is seeking up to a 20% import tariff on US ethanol following a surge in imports of 720 million liters during the first quarter of the year, five times higher than the same period last year. Sugar mills have favored sugar over ethanol during the past season as world […]

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Brazil looking to boost biofuel consumption via RIN-type program

Brazil looking to boost biofuel consumption via RIN-type program

April 25, 2017 |

In Brazil, the government is looking to implement a program similar to RINs to help boost fuel retailers’ purchasing of biofuels for blending. The carbon emissions reductions certificates would be issued by biofuel producers including sugar mills and would be purchased by retailers to demonstrate they had bought a required amount of biofuels. The plan […]

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