The U.S. and Brazil have not yet reached a deal on U.S. demands to be able to sell the country more ethanol, but the Brazilian government is making clear what it is demanding in return, according to sources in both countries. Brazil wants more access to the lucrative and tightly guarded U.S. sugar market.
The Trump administration, prodded by U.S. lawmakers and lobbyists for America’s corn farmers and ethanol producers, is intent on convincing Brazil to drop its tariff on U.S. ethanol. Meanwhile, Brazil’s Bolsonaro administration is under pressure from the country’s sugar sector to protect farmers’ interests.
By Bill Tomson via Agri Pulse