World Perspectives
biofuel energy

Brazil Punts on Ethanol TRQ

Reports from Brazil indicate that the government is leaning toward extending the TRQ for U.S. ethanol imports for 90 days (the TRQ expired yesterday). There has been no official action yet.   The expected extension is considered a compromise solution from President Bolsonaro. It would hep the Trump Administration by maintaining the quota for duty free ethanol imports, and it helps Bolsonaro politically as the domestic industry is calling for eliminating the tariff free quota altogether and applying a 20 percent tariff. The U.S. industry wants total duty-free access like in 2017; the Brazilian industry wants market access to the U.S. sugar market in order to give up the TRQ. Brazil is subject to a quota for sugar exports to the U...

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