In Texas, Reuters reports three vessels with capacity to carry 30,000 metric tons of ethanol each are headed to China from the US’s Gulf Coast region. Though it’s not clear if the vessels are carrying solely ethanol but if they are, they would represent more Chinese ethanol imports from the US than during all of […]
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 […]
In Brazil, Reuters reports that negotiations between Brazil and the US on continued duty-free quota access of US ethanol broke down over the weekend with the 20% duty reverting back as of December 14 when the policy extension was set to expire. Brazil wanted additional access to the US sugar market which the US sugar […]
In Brazil, Agence France Presse reports the quota for US-origin ethanol expired on Monday, striking a blow to US President Trump and his efforts to keep the favor of voters in corn-producing states. The US Ambassador to Brazil is under investigation by the US House of Representatives’ Foreign Affairs Committee because he allegedly tried to […]
In Brazil, the Folha de Sao Paulo reports Brazilian trade negotiators are willing to drop tariffs on US ethanol imports if in return the US drops import restrictions on Brazilian sugar exports. The US sugar market is extremely tightly controlled with import quotas based on expected domestic production and stocks-to-use ratio. Out of quota sugar […]
In Brazil, Reuters reports that Copersucar says it expects the global ethanol market to recover gradually and that the US may even increase its exports to Brazil later in the year, especially in the North-Northeast region due to mills focusing on sugar and sugar exports this season. In the season that ended in March, the […]
In Washington, the Colombian Ministry of Commerce, Industry, and Tourism (MINCIT) last weekend announced it will impose duties of $0.1997/gallon on U.S. ethanol exports to Colombia. The following is a joint statement from leadership of the Renewable Fuels Association, U.S. Grains Council and Growth Energy. “While we have cooperated fully with investigating authorities in Colombia […]
In Brazil, Bloomberg reports that the Brazilian Congress and the national government agreed last week to only allow US duty-free ethanol imports during the northeast region’s off-season of March through August. About 80% of US ethanol exports to Brazil enter via northeastern ports. With the northeast’s off-season coming during the height of the center-south region’s […]
In Washington, the US and Japan have come to an agreement on a limited trade agreement that will see staggered tariff elimination on US ethanol exports to Japan, among a host of other products. The rate of which the staggering will take place was not outlined in the announcement. Out of the $14.1 billion in […]
In China, the Ethanol Group President at The Andersons told Platts that US ethanol exports could fall to 1.5 billion gallons in 2019, down 100 million gallons on the year, as a result of reduced demand from China. As the industry looks for other markets to take up the missing gallons from China, India may […]
