The expiration and/or renewal date of the current TRQ for ethanol imports into Brazil is rapidly approaching; the current TRQ expires on 31 August. As we reported on 3 August, Brazil imposed a TRQ on ethanol in 2017. Last year the TRQ volume was increased from 150 million liters per quarter (600 million liters – or 158 million gallons - annually) to 750 million liters (198 million gallons), but it is based on seasonal restrictions:
31 Aug 2019 - 29 Feb 2020: import quota of 200 million liters per quarter
1 March - 30 Aug 2020: import quota of 275 million liters per quarter
The out of quota tariff is 20 percent. The U.S. has had 95 - 98 percent of the ethanol import market share in Brazil since 2017. From 2012 &ndas...
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