The Brazilian government is expected to revive and extend the effort to allow imports of ethanol for three months with the Brazilian sugar industry seeking negotiations between the two countries to allow more sugar exports to the U.S., according to two sources knowledgeable with the plan, Reuters reported.
The sources said Brazilian President Jair Bolsonaro and Agriculture Minister Tereza Cristina met with the sugar ethanol industry Tuesday on the package. Brazil let a non-tariff quota for 750 million liters (198 million gallons) ethanol imports expire at the end of August, making imports subject to a 20% tariff.
And the country's sugar industry said that they want the Brazilian government to seek additional access for Brazilian sugar into the U.S. market. While some may reject that possibility, recall that USDA wants to allow more sugar into the U.S. under the Fiscal Year 2020 tariff rate quota on sugar imports, and they have extended the period for the products enter by 30 days.
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