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Home » Brazil, Business News/Analysis, Opinions, Policy

Brazil Delays Decision on Ethanol Import Tariff

Submitted by on July 7, 2017 – 1:55 pmNo Comment

by Jacqui Fatka (Feedstuffs)  U.S. groups say tariffs could have “wide-ranging and long-standing impacts” on industries and global fuel supply.  —  The Executive Management Committee of CAMEX, Brazil’s Chamber of Foreign Trade, announced Wednesday that it would delay a decision on a pending proposal to impose a tariff of up to 17% on Brazil’s imports of U.S. ethanol.

UNICA had proposed a 16% tariff on imported ethanol, while other producer groups have requested a return to the 20% duty that was discontinued in 2010.

As of March, U.S. ethanol producers have already shipped a total of 146.4 million gal. to Brazil in the first quarter of 2017, meaning the country has accounted for almost 40% of total year-to-date exports. Brazil was again the top recipient of U.S. ethanol in March and April, bringing in 36.7 million gal. (29% of total market share) in March and 44.5 million gal. (slightly more than half of the total volume) in April.  READ MORE and MORE (Ethanol Producer Magazine) and MORE (Platts) and MORE (Brownfield Ag News)

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