American Farmers Should Drink a Toast to Brazilian Ethanol Tariff Delay — Panjiva
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American Farmers Should Drink a Toast to Brazilian Ethanol Tariff Delay

Brazil 415 Energy - Conventional 468 Energy - Refined Oil 203 Energy - Renewables 205 Tariffs 1866 U.S. 5399

The Brazilian government has postponed a decision on whether to impose tariffs on ethanol imports by 30 days. Tariffs had previously been applied in 2010, and are a response to rising imports. U.S. producers can ill-afford the tariffs. Panjiva data shows U.S. shipments to Brazil jumped 40% on a year earlier in the quarter to May 31. Brazil accounted for 46% of total U.S. sales over that period, and was the main driver of the 83% jump in the volume of exports.

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