U.S. and Brazilian negotiators continue to haggle over U.S. access to Brazil’s ethanol market, but lawmakers like House Agriculture Committee Chairman Collin Peterson, D-Minn., are losing patience as the talks drag on.
The Brazilian tariff rate quota that allows 198 million gallons of duty-free U.S. ethanol to enter Brazil expired Aug. 31, exposing U.S. exports to a 20% tariff. U.S. negotiators had hoped to have at least a temporary deal in place earlier this week to extend the TRQ by three months, but Brazil balked at the arrangement and a resolution still has not been reached, U.S. industry and government sources tell Agri-Pulse.
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