Brazil Seeks Cut in U.S. Ethanol Import Duties

The United States may ease ethanol import duties by the end of next year, helping Brazilian producers gain access to markets in the world’s largest consumer of the fuel, Brazil’s top ethanol official said Monday. According to Bloomberg News, Brazil’s government, state-controlled oil company Petroleo Brasileiro SA and private ethanol producers are lobbying the U.S. to ease a 54-cent-a-gallon duty and a 2.5 percent tariff on imported ethanol, said Angelo Bressan Filho, head of the Brazil Agriculture Ministry’s ethanol division.

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