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Brazil Extends Delay in Ethanol Quota for U.S. Imports

A new deal between the United States and Brazil is expected to delay for an additional 90 days a tariff rate quota (TRQ) that was supposed to lead to a 20% tariff on U.S. exports to Brazil that were in excess of the 198 million gallon import quota. Brazil is a significant user of renewable fuels, and the U.S. ethanol and corn industries would like to soon see a longer term deal that will make the Brazilian market more accessible and competitive for U.S. exports.

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