|
Source: FARM POLICY NEWS, UNIV. OF ILLINOIS, 9/8/20
The United States started to pay a 20% tariff on all ethanol exported to Brazil this month. Before that, there was a quota of 750 million liters per year at zero rate, which expired on August 30th. Valor Econômico writers Rafael Walendorff and Camila Souza Ramos reported that the Brazilian government must communicate to the United States that the country is willing to negotiate the conditions for the ethanol trade, but without extension of the tariff- free quota. In addition, the article noted that producers and industry asked the government not to renew or create quota... For more of this story, click here.
|