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


Farm, Biofuels, Trade Leaders Label Brazil Decision 'Devastating' For U.S. Ethanol

Wed, 16 Dec 2020 10:47:02 CST

Farm, Biofuels, Trade Leaders Label Brazil Decision 'Devastating' For U.S. Ethanol Today, Emily Skor, CEO of Growth Energy; Ryan LeGrand, President and CEO of U.S. Grains Council; Geoff Cooper, President and CEO of Renewable Fuels Association; and Jon Doggett, CEO of National Corn Growers Association issued the following statement in response to the Brazilian government’s decision to let the current tariff rate quota (TRQ) expire, replacing it with a 20 percent tariff on all imports of U.S. ethanol:

“Brazil’s decision to impose a 20 percent tariff on all U.S. ethanol imports is devastating for the U.S. ethanol industry, the future of cooperation and coordination between our nations. Not only does this decision risk destroying the great progress our two nations have made as global leaders in ethanol production, it marks a dramatic turn in our bilateral trade relationship.

“Today, Brazilian ethanol receives unfettered access into the U.S. market, while U.S. producers are denied reciprocal market access due to a restrictive import tariff designed solely to make U.S. product less competitive. This unjust imbalance must be addressed. We urge the incoming Biden Administration to respond with strength, leveraging various U.S. government tools and authorities to make it clear that protectionist barriers are unacceptable. However, it seems clear from today’s decision that Brazil is more focused on keeping US ethanol out of Brazil than true two-way trade.

“Through repeated dialogue with local industry and government, the U.S. ethanol industry actively sought to illustrate the negative impacts of increased tariffs on Brazilian consumers and the Brazilian government’s own decarbonization goals. However, it seems Brazil is more focused on taxing imports to protect their national industry than reducing carbon emissions and developing a global industry.”

Since May, U.S. exports to Brazil have fallen to less than 4 million gallons. Over the same time period, Brazil has exported nearly 96 million gallons of fuel ethanol to the United States. A 20 percent tariff will only further imbalance trade between the two countries.



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Monday, January 25, 2021 Market Wrap-Up with Justin Lewis  Mon, 25 Jan 2021 15:00:18 CST
  • Farmer Co-ops Applaud White House Call to "Buy American," Urge Application to School Nutrition Programs  Mon, 25 Jan 2021 14:46:29 CST
  • Latest Fire Situation Report for January 25--No Active Burn Bans Reported   Mon, 25 Jan 2021 13:15:30 CST
  • State offering Free Tags for animal Disease Traceability  Mon, 25 Jan 2021 10:23:50 CST
  • Give FFA Day Set for February 25th During National FFA Week  Mon, 25 Jan 2021 09:57:34 CST
  • Regional Hay issues due to Western Drought  Mon, 25 Jan 2021 09:46:00 CST
  • Beef Alliance Announces First-Ever Startup Challenge  Mon, 25 Jan 2021 09:20:20 CST
  • DESTINATION PORK Exposes High School Students to Pork Production   Mon, 25 Jan 2021 08:59:06 CST

  • 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


       
       
    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.