Brazil: Biofuels Annual

  |   Attaché Report (GAIN)   |   BR2023-0018

Total Brazilian ethanol production for 2023 is estimated at 32.95 billion liters, an increase of seven percent relative to 2022 due to the expected increase in sugarcane production and the steady increase in corn ethanol production. On January 31, 2023 the Government of Brazil increased the import duty on ethanol to Brazil to 16 percent. The Government of Brazil increased the biodiesel blend to 12 percent, effective April 1, 2023. RenovaBio, Brazil’s National Biofuels Policy, picked up momentum once Brazil’s B3 stock exchange started trading CBios in April 2020. CBio average prices reached record highs not previously seen.

Related Reports

Attaché Report (GAIN)

Bulgaria: Oilseeds and Products Market Update

FAS/Sofia’s marketing year (MY) 2023/24 sunflower production estimate is lowered to 1.7 million metric tons (MMT) based on the final harvest data. The sunflower crop suffered from severe and prolonged summer drought and high heat which reduced yields considerably.
Attaché Report (GAIN)

Hong Kong: Agricultural Biotechnology Annual

In 2023, Hong Kong did not have any policy changes to regulations pertaining to genetically engineered (GE) products, while monitoring the development of synthetic biology.
The EU's intricate biotechnology policy hinders research and restricts innovative tools for farmers. This results in substantial imports of genetically engineered (GE) feed and limited domestic GE crop production.