Brazil will only extend ethanol quota for US if US takes more sugar

In Washington, Reuters reports that Brazil and the US haven’t made progress on negotiations regarding a renewal of the ethanol quota for US exports to Brazil that expires in a few months due to Washington’s lack of interest in negotiating further sugar market access in exchange. The Brazilian agriculture minister told Reuters in an interview that talks between the two countries’ presidents and senior staff didn’t make much headroom on agriculture at all such as beef and pork.