Source: FARM FUTURES, 8/24/17

Brazil has been mulling a tariff on U.S. ethanol imports and it appears the country has decided to proceed.
Brazilian Minister of Agriculture, Livestock and Supply Blairo Maggi tweeted Aug. 23 that CAMEX, Brazil’s Chamber of Foreign Trade, has approved a recommendation to impose a 20% tariff on U.S. ethanol imports after a 600 million liter tariff rate quota. Local media are reporting this TRQ would be in place for the following two years, stymying access to a large and growing market for U.S. ethanol exports.

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