US ended its import tariffs and tax credits on Brazilian ethanol. Tropical (sugar) ethanol vs. corn ethanol. America's senators protected subsidies, ethanol tax credits, and trade barriers for their over-represented states, but corn lobby may be losing ground. By 2023, 21 billion of 36 billion gallons of US ethanol must be non-corn.
So why have Florida's sugar farmers been selling entire farmsand why is the US is already buying ethanol, lots of it, from Petrobras? Brazil's government pressured Petrobras to keep ethanol prices lower that inflation would have pushed them.
Brazil and US don't really need to make ethanol a common cause. The US needs to get politics out of the fuel markets.
No comments:
Post a Comment