Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
    
   
   
   
   

Agricultural News


Peterson Statement on Brazilian Government's Tariff Rate Quota on U.S. Ethanol

Fri, 04 Sep 2020 09:36:33 CDT

Peterson Statement on Brazilian Government's Tariff Rate Quota on U.S. Ethanol House Agriculture Committee Chairman Collin Peterson released the following statement regarding the situation with United States ethanol imports to Brazil:
"American corn and ethanol producers are struggling to access domestic markets because of the coronavirus and the Environmental Protection Agency's reckless implementation of the Renewable Fuel Standard," said Peterson. "Brazil's move to increase tariffs on American ethanol is more bad news for our producers.

The Trump Administration should continue working with Brazilian officials to restore the duty-free access that was in place from 2012 to 2017."
“Tariff wars have consequences, and our biofuels producers are seeing that first hand," added Peterson.

The Brazilian government’s tariff rate quota that placed a 20% tariff on America ethanol imports exceeding 198 million gallons expired on Sunday, August 31st, and Brazilian officials are yet to announce plans for the future of the U.S.-Brazil trade relationship. Without further action by the government of Brazil, all U.S. ethanol exports to the country are facing a 20% tariff.

From 2012 to 2017, the Brazilian government had a zero-duty exemption for U.S. ethanol imports to the country. Brazil is a major purchaser of American-made ethanol, importing 332 million gallons of U.S. Ethanol worth $493 million in 2019.
Congressman Collin Peterson is a Co-Chair of the Congressional Biofuels Caucus and Chairman of the House Committee on Agriculture. On August 20th, 2020, Congressman Peterson and 19 Members of Congress sent a letter to U.S. Trade Representative Robert Lighthizer encouraging him to pressure Brazilian leaders to restore the zero-tariff ethanol trade that once existed between the U.S. and Brazil.


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • OSU's Kim Anderson Says Grain Prices Have been Moving in the Right Direction   Thu, 24 Sep 2020 18:01:49 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m Thursday, September 24  Thu, 24 Sep 2020 17:47:37 CDT
  • New Report Examines Cattle Market Issues & Solutions  Thu, 24 Sep 2020 17:40:49 CDT
  • What They're Saying: Conaway Leads Introduction of Digital Commodity Legislation  Thu, 24 Sep 2020 17:34:23 CDT
  • Thursday, September 24, 2020 Market Wrap-Up with Justin Lewis  Thu, 24 Sep 2020 14:56:43 CDT
  • Latest U.S. Drought Map Shows Drought Expansion In The West and Rocky Mountains As The Fall Outlook Does Not Offer Relief  Thu, 24 Sep 2020 15:14:33 CDT
  • USDA-NIFA Invests More Than $53 Million to Help U.S. Farmers Prosper  Thu, 24 Sep 2020 12:52:51 CDT
  • This Weeks Ag in the Classroom, Who has the Biggest Pumpkin?  Thu, 24 Sep 2020 12:30:51 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.