Brazil seen setting 600 million liter annual ethanol import quota

In Brazil, UNICA expects the foreign trade chamber to set a duty-free import quota of 600 million liters of ethanol with a 20% import tariff above that when it meets August 23. Above 150,000 liters in one quarter would also be enough to trigger the potential import tariff. Ethanol imports soared more than 300% during the first half of this year, leading to vocal concerns by northeast ethanol producers of anti-competitive behavior that is damaging their industry.