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 …
Economic Study Shows Renewable Fuel Standard Added to Price of Corn
A new economic study shows the Renewable Fuel Standard has added a third to the price of corn and saved the U.S. nearly 18-billion in gasoline costs. The Iowa State University study to be published soon in the American Journal of Agricultural Economics shows specific benefits to farmers, consumers, and the environment, from the nation’s renewable fuels requirement. Renewable Fuels …
Ethanol Production May Outpace Demand in Future
A new report from Cobank says the ethanol industry could soon face declining slim-to-negative profit margins. The report is titled “Ethanol’s Growth Path: Output and Export Uncertainties Both Rising.” It outlines how an ethanol market fueled by corn prices at multi-year lows, together with reinvestment into expanding production capacity, will push supplies past demand growth. A Cobank senior economist says …
New Academic Journal Study: RFS Offers Substantial Benefits to U.S. Economy
A new economic modeling study that will soon be published in the American Journal of Agricultural Economics finds that the Renewable Fuel Standard (RFS) has substantially benefited the U.S. economy by lowering gasoline and crude oil prices, cutting crude oil imports, adding value to U.S.-produced agricultural commodities, and reducing U.S. greenhouse gas (GHG) emissions. “The results confirm that the current …
U.S. Feed Grain and Ethanol Exports Up
Feed grain exports from the U.S. are up 20 percent this year and could set a record high, according to the U.S. Grains Council. Exports of U.S. feed grains in all forms were up 20 percent year-over-year from September through June to 96.9 million metric tons, according to data from the U.S. Department of Agriculture. The U.S. Grains Council says …
EPA to Reject Ethanol Rules Change
The Environmental Protection Agency will reject proposed changes to the point of obligation for complying with the Renewable Fuel Standard away from refiners. Politico reports that a Trump administration official said the EPA would reject the proposal by billionaire Carl Icahn, a key Trump supporter. EPA plans to formally announce the decision within the next two weeks and “President Trump …
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 …
EPA To Hold RFS Hearing Next Month
The Environmental Protection Agency (EPA) will hold a public hearing on its Renewable Fuel Standard volume obligations August first. The hearing, to be held in Washington, D.C., will take public comment on the 2018 renewable volume obligations, along with the 2019 RVO for biomass-based diesel, according to Ethanol Producer magazine. The agency released a prepublication version of the proposed rule …