Brazil’s Bolsonaro faces tough choice on U.S. ethanol trade

NEW YORK/SAO PAULO, Aug 14 (Reuters) – Brazil is facing a difficult choice between going up against a powerful local sugar lobby and angering a key ally, U.S. President Donald Trump, as a major decision on international ethanol trade looms.

A Brazilian tax-free ethanol import quota used entirely by U.S. producers is set to expire on Aug. 31, unless the government renews it. Allowing 750 million liters per year, it is a welcome volume for U.S. ethanol makers as the pandemic hit their business.


By Marcelo Teixeira, Stephanie Kelly, Roberto Samora and Caroline Stauffer via Reuters


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