News

Groups pleased by Brazil’s delay on ethanol tariff

Brazil has put a 30-day delay on deciding whether to impose a 20-percent import tariff on U.S. ethanol. The US Grains Council, Growth Energy and the Renewable Fuels Association (RFA) have issued a joint statement saying they are encouraged by Brazil’s postponement.

The proposal would allow just over 132-Million gallons before the tariff would be triggered.

Bob Dinneen, head of the RFA, says if approved, the tariff would hurt Brazilian and U.S. consumers.

Dinneen co-wrote an opinion piece with former Brazilian Sugarcane Industry Association representative Joel Valesco – in a Brazilian newspaper – saying consumers will win in an open world market for ethanol.

Dinneen tells Brownfield the tariff threat appears to be a protectionist strategy promoted by Brazil’s Ag Minister to benefit sugarcane producers. Sugarcane is the basis of Brazilian ethanol.

 

Add Comment

Your email address will not be published.


 

Stay Up to Date

Subscribe for our newsletter today and receive relevant news straight to your inbox!