Brazil: Biofuels Annual

  |   Attaché Report (GAIN)   |   BR2022-0047

Link to report:

Brazil: Biofuels Annual

Total Brazilian ethanol production for 2022 is estimated at 31.66 billion liters, an increase of six percent relative to 2021 due to the expected increase in sugarcane production and the steady increase in corn ethanol production. In June 2022, the Brazilian government approved Complementary Bill # 194, capping the state tax for circulation of goods and services (ICMS) on fuels at 17 -18 percent and reduced other taxes on gasoline and ethanol to zero to control escalated fuel prices. No tariff-rate quota (TRQ) and import duty are currently applied to ethanol imports to Brazil. The biodiesel blend has been set at ten percent since November 2021 to control escalated costs associated to feedstock prices. RenovaBio, Brazil’s National Biofuels Policy, picked up momentum once Brazil’s B3 stock exchange started trading CBios in April 2020. CBio average prices in 2022 (January - August) ranged from R$50 to R$196/mt of carbon or about US$9.77 to US$38.28/mt of carbon with the current exchange rate.

Western Hemisphere, Brazil
Biofuels

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Hong Kong: The Hong Kong Wonton - Volume 4 Issue 12

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Consul General Greg May and ATO Hong Kong Open the USA Pavilion and Welcome U.S. Exhibitors at Asia Fruit Logistica 2024; The U.S. Dairy Export Council Showcases the Diversity of U.S. Cheese to Hong Kong Buyers...
Attaché Report (GAIN)

Venezuela: Livestock and Products Annual

Since 2014, Venezuela’s total meat consumption has declined 57 percent due to prolonged economic downfall. Nevertheless, since 2019, an improved economic environment has led to stabilized beef production and significant growth in the poultry sector. In 2024, total per capita meat consumption is forecast to be 32.4 kilograms, growing 83 percent from its 2018 record low.
Attaché Report (GAIN)

Thailand: Sugar Semi-annual

FAS/Bangkok (Post) forecasts MY 2024/25 sugar production to increase to 10.2 MMT. MY 2023/24 sugar exports are likely to decline 26 percent due to competition from Brazil. Post expects sugar exports to double in MY 2024/25 from MY 2023/24 in anticipation of tight exportable sugar supplies in the major exporting countries.