U.S. ethanol stakeholder organizations are less than thrilled that Brazil’s tariff-rate quota (TRQ) has been extended now for another 90 days, but they are hopeful continued discussions will lead to a resumed free trade situation with that country. “The Renewable Fuels Association, U.S. Grains Council, Growth Energy, and the National Corn Growers Association believe the 90-day extension of the TRQ …
Brazil and US Agree to Extend Quota for 90 Days
Trade representatives from Brazil and the United States have agreed to a 90 day extension of the tariff-rate quota (TRQ) for ethanol as both sides continue to discuss ways they can improve market access to “achieve reciprocal and proportional outcomes that generate trade and open markets to the benefit of both countries.” According to a joint statement released by the …
Lawmakers Urge USTR to Prioritize Brazil Ethanol Tariffs
U.S. Representatives Darin LaHood (IL-18) and Adrian Smith (NE-03) spearheaded a bipartisan letter urging U.S. Trade Representative (USTR) Robert Lighthizer to prioritize Brazilian trade barriers to U.S. ethanol during ongoing US-Brazil trade negotiations. Reps. LaHood and Smith both serve on the House Ways and Means Committee, and Rep. LaHood is co-chair of the U.S.-Brazil Caucus. The letter calls for a …
President Considering Reciprocal Tariffs on Brazil Ethanol
President Donald Trump was asked about efforts to lower or eliminate Brazil’s tariffs on U.S. ethanol during a press conference this week. “I think that as far as Brazil is concerned, if they do tariffs, we have to have an equalization of tariffs,” President Trump responded. “It’s called reciprocal tariffs and you may be seeing something on that very soon.” …
Ethanol Report 7-31-20
Ethanol exports have taken a hit this year due to the pandemic, but there are still reasons to be optimistic about this important market for the industry. In this episode of The Ethanol Report, we hear from Renewable Fuels Association (RFA) General Counsel Ed Hubbard, who doubles as the organizations international trade expert. We also learn about a new program …
Ethanol Exports Decline in May
Exports of U.S. ethanol declined 32 percent in May to the smallest monthly volume in four years, according to Renewable Fuels Association (RFA) analyst Ann Lewis. Most of the drop was due to Brazil, which imported just 1.7 million gallons of U.S. ethanol, down from almost 24 million. Exports to India were down six percent in May, but it was …
Export Exchange 2020 Postponed to 2021
The biennial Export Exchange is being postponed until 2021. The Exchange is co-sponsored by the Renewable Fuels Association, U.S. Grains Council, and Growth Energy and held every other year to bring together buyers and sellers of U.S. coarse grains and co-products, including the distiller’s dried grains with solubles (DDGS). The three organizations issued a joint statement on the postponement. “As …
NCGA President Filled With Ethanol Pride
National Corn Growers Association (NCGA) president and Iowa farmer Kevin Ross had the chance last week to attend the National Ethanol Conference and celebrate recent wins with the industry, like the recent Tenth Circuit court decision. “Just a fabulous result for us and everybody in the industry,” said Ross during an interview last week at the National Ethanol Conference. “And …
NCGA and USGC Leaders Visit Vietnam and Myanmar
Leaders of the U.S. Grains Council (USGC) and National Corn Growers Association (NCGA) learned firsthand about the Southeast Asian market for U.S. corn and co-products last week during a joint officers mission to Vietnam and Myanmar. Vietnam is one of the fastest growing feed markets in the world – thanks to population and economic growth – and a major buyer …