US ethanol industry to lose out if EU-Mercosur trade agreement ratified

In Uruguay, MercoPress reports that a USDA FAS report has determined that the EU-Mercosur trade agreement could lead to up to $4 billion in losses for US agriculture, with much of that coming from reduced ethanol demand in Europe. The EU-Mercosur agreement 570 million liters of industrial alcohol imports and 253 million liters of ethanol for other uses, but traditionally 28% of the EU’s ethanol imports have come from the US. Other categories such as meat shouldn’t be much affected by the agreement, should it be ratified by member states.