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Non-Tech : Farming -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (1379)	1/31/2010 4:40:55 PM
From: Snowshoe	1 Recommendation Read Replies (1) \| Respond to of 4448

LOL, just found out Brazil has a tax on ethanol imports to Brazil! Now they have a shortage and might import some good ol' corn hooch from the USA... <g> 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.