Brazil exported 82.45 million litres of ethanol in October, up 74.8% from the same month last year and up 26.4% from September 2019, according to Brazil’s Agencia Estado newswire.
Ethanol imports are close to reaching the maximum quota allowed to enter the country without paying tariffs during the cane crushing season in the northeast. Only 52.31 million litres of ethanol will be able to be imported without tariffs until the end of February 2020.
From March 1 to May 31, 2020, 275 million litres of zero-tariff ethanol will be allowed into the country. The same volume is authorized to be imported under the tariff-free quota from June 1 to Aug. 30 next year.
Brazil’s total ethanol imports in the first ten months of 2019 reached 1.214 billion litres, down 15.9 per cent year-on-year.
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