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 sugar prices remained high, opening a supply gap during the interharvest season that ended April 1. Ethanol production has begun for the season but is still ramping up. Some are concerned about US retaliation if the import tariff is approved with the export import council meets on Wednesday.

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Category: Policy

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