Platts clarifies taxes included in NNE Brazil Ethanol Daily Assessment

Platts, part of S&P Global Commodity Insights, clarifies that the Anhydrous Ethanol NNE Brazil DAP Suape daily assessment (AAXFW00) includes PIS and COFINS taxes but does not include ICMS tax.

The weekly average of the daily assessment (AAXFW04) and monthly average of the daily assessment (AAXFW03) therefore also include PIS and COFINS taxes but do not include ICMS tax.

The inclusion of the PIS and COFINS taxes in the assessment were included in the subscriber note published June 30, 2023: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/063023-platts-adjusts-pis-and-cofins-federal-taxes-and-icms-tax-rate-in-brazil-ethanol-assessments

The daily assessment appears on Platts Biofuels Alert (PBF) Pages 220 and 223, in the Biofuelscan, the weekly Fuel Ethanol Report, and in the Platts price database under the code above.

The weekly average price of the daily assessment appears on Platts Biofuels Alert (PBF) Page 221.

The monthly average price of the daily assessment appears on Platts Biofuels Alert (PBF) Page 222.

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