During a U.S. Department of Agriculture (USDA) trade mission to São Paulo and Recife, Brazil, Sept. 25-29, leaders from 24 U.S. agribusinesses and trade organizations will explore opportunities to expand their agricultural exports and further develop their business relationships in Brazil. “Brazil holds significant untapped market potential for U.S. exporters,” said Mark Slupek, deputy administrator of the Office of Trade …
Senators Want Action on Brazil Ethanol Tariff
A group of Midwestern Senators is urging U.S. Trade Representative Robert Lighthizer to respond to Brazil’s 20 percent ethanol tariff on imports over 600 million liters, or 158 million gallons. Brazil recently reinstated the tariff that will apply to U.S. ethanol exports to Brazil. In 2016, the U.S. exported 264 million gallons of ethanol to Brazil and is poised for …
Brazil Slaps Tariff on U.S. Ethanol
The Brazilian Agriculture Minister announced on Wednesday that the country’s Chamber of Foreign Trade approved a recommendation to impose a 20 percent tariff on U.S. ethanol imports after a 600 million liter tariff rate quota. Brazilian media are reporting the tariff will be in effect for two years. This will make it much more difficult for U.S. ethanol to access …
RFA, USGC, Growth Energy Statement On Brazil Decision To Impose U.S. Ethanol Import Tariff
Brazilian Minister of Agriculture, Livestock and Supply Blairo Maggi tweeted that CAMEX, Brazil’s Chamber of Foreign Trade, has approved a recommendation to impose a 20 percent 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 …
Brazil, U.S., Set for Corn Selling Showdown
The world’s two biggest corn exporters are preparing for a showdown, according to Bloomberg. The United States and Brazil are set to square off in competition this growing season over corn exports as Brazil is in the middle of collecting the nation’s biggest corn harvest ever, and U.S. supplies remain plentiful from last years’ record harvest. Bloomberg says those conditions …
Delay of Decision to Impose U.S. Ethanol Import Tariff
The Executive Management Committee of CAMEX, Brazil’s Chamber of Foreign Trade, announced Tuesday a 30-day delay of a decision on a pending proposal to impose a 20 percent tariff on U.S. ethanol imports. The proposal would allow 500 million liters (132.1 million gallons) annually of U.S. ethanol imports before triggering the tariff. The following is a joint statement on this …
No Timeline to Restore Brazilian Beef Imports
U.S. Agriculture Secretary Sonny Perdue met his counterpart from Brazil on Monday to discuss the U.S. ban on fresh beef imports from Brazil. Perdue said the U.S. needs to see more progress from Brazil on beef inspections before the ban would be lifted. A Cattle Network Dot Com article says the ban went into effect on June 22nd as the …
Brazil to Address U.S. Beef Ban During Visit
Brazil’s minister of agriculture will meet with U.S. Agriculture Secretary Sonny Perdue Monday in an attempt to resume fresh beef exports to the United States. The U.S. Department of Agriculture halted beef imports from Brazil last month because of recurring concerns about the safety of the products. Brazil is hopeful the U.S. will lift the ban, as the Brazilian government …
Brazil Delays Decision on Ethanol Import Tariff
Brazil’s Chamber of Foreign Trade announced this week it would delay a decision to put an import tariff of 17 percent on U.S. ethanol. U.S. Grains Council President and CEO Tom Sleight, Renewable Fuels President and CEO Bob Dineen, and Growth Energy CEO Emily Skor put out a joint statement on the decision this week. The groups were encouraged by …
Brazil Cattle Prices Stumble Following Meat Inspection Scandal
Cattle prices in Brazil are posting the biggest losses in a decade to start a year following this springs investigation into a meat inspection scandal. Bloomberg News reports that since the scandal, JBS SA, Brazil’s largest cattle buyer, is purchasing fewer cattle due to a financial squeeze on the company. Even worse, JBS no longer offers cash upon delivery of …