Platts adjusts PIS and Cofins tax rate in Brazil ethanol assessments

Following the June 23 announcement from the Brazilian government to lower the federal PIS and Cofins tax to Real 0/cu m, effectively immediately until Dec. 31, 2022, Platts, part of S&P Global Commodity Insights, has updated its Brazilian ethanol assessments to reflect a Real 0/cu m tax rate, effective and including June 24, 2022.

The affected assessments are:

• AAXNQ00 - Anhydrous ANP domestic ex-mill Ribeirao with taxes
• AAXNQ00 - Hydrous ANP Domestic Ex-mill Ribeirao with taxes
• AAXNR00 - Hydrous ANP FOB Santos
• AAWFP00 - Ethanol Cargo (Real/cu m)
• AAWFO00 - Ethanol Cargo ($/cu m)
• AATAE00 - Ethanol Cargo (¢/gal)
• AAXOA00 - Ex-mill Ribeirao Hydrous Raw Sugar equivalent
• AAXFW04 - NNE Brazil delivered Suape anhydrous weekly
• AAESI00 - Anhydrous ethanol DAP Suape import parity (incl. taxes)

These assessments currently appear in the Platts price database under the codes above, in the Biofuelscan and in the weekly Fuel Ethanol report.

Please send any feedback, questions or comments to americas_ags@spglobal.com and pricegroup@spglobal.com.

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