LOL, Elmat you hypocrite!!! I just found out you have a 20% tax on ethanol imports to Brazil. All these years you've been griping about the US ethanol import tariff, but you never admitted that Brazil does it too! <ggg>
Brazilians call for cut to 20% ethanol import tax
rechargenews.com
The Brazilian Sugarcane Industry Association, Unica, is calling for the elimination of a 20% import tax on ethanol as domestic stocks are depleting and prices at the pump are on the rise.
Brazil is the world’s largest exporter of ethanol, but bad rains have been blamed for a poor sugar cane harvest, and local supply has been depleted.
Brazil recently decreased the mandated blend of ethanol in gasoline from 25% to 20%, roughly representing 100 million litres per year, to combat steadily rising biofuel prices.
Unica says its tax cut request is not related to a dip in ethanol stocks, and instead reflects the group’s position for free trade for renewable fuels.
Brazil has imported ethanol in the past from the US, Argentina and Germany, although not always for fuel usage.
The association insists Brazil has enough ethanol to make it until the sugar cane harvest begins in April, but some industry experts think otherwise, and point to an oversupply of US corn ethanol that could make imports feasible.
Brazil recently decreased the mandated blend of ethanol in gasoline from 25% to 20%, roughly representing 100 million litres per year, to combat steadily rising biofuel prices. |
