Growth Energy, USGC and RFA disappointed by Brazil’s ethanol quota policy shift

In Washington, Growth Energy, the U.S. Grains Council, and the Renewable Fuels Association expressed their disappointment with the news that the Brazilian government amended the recent August 31st rule that raised the quota on U.S. ethanol imports under the tariff rate quote (TRQ) from 600 million liters per year to nearly 750 million liters per year. The TRQ regulates the threshold of ethanol that can be imported into Brazil without triggering a 20 percent tariff.

They say the move is a step backwards in Brazilian government claims that it is an advocate of free markets.