Brazil, US Negotiating on Ethanol, Sugar, Corn
Brazil will keep its tariff rate quota on U.S. ethanol exports steady over the next 90 days, as the two countries negotiate how to “improve market access” for ethanol and sugar in the U.S. and in Brazil. They will also…
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consider liberalizing corn imports in the two countries. The Office of the U.S. Trade Representative announced the negotiations after the close of business Sept. 11, and the 90-day timeline started Sept 14. The ethanol market has been hurt by the reduction in driving due to the COVID-19 pandemic.