BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Agriculture

Brazil ethanol imports drop 17% in October, but 27% higher than 2016: SECEX

Steel |

How the US-China trade war is impacting Asian flat steel markets

Agriculture | Biofuels |

Platts Biofuelscan

Agriculture | Natural Gas | LNG | NGL | Oil | Crude Oil | Refined Products | Petrochemicals | Shipping |

Houston Energy Forum at the S&P Global Platts Energy Symposium

Agriculture |

US EIA says ethanol output climbs, stocks down modestly on week

Brazil ethanol imports drop 17% in October, but 27% higher than 2016: SECEX

Sao Paulo — Brazilian ethanol imports continued to drop, with 91 million liters entering the country in October, down almost 17% from September but still 27% higher than a year ago, the latest data from the Secretariat of Foreign Trade (SECEX) showed Monday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Almost all of the volume entered the country through ports in the Northeast region via Itaqui (90.6 million liters) and originated in the US to be used as fuel blended into gasoline.

Cumulative imports of ethanol in Brazil from January to October reached almost 1.7 billion liters, over three times higher than a year ago.

The decrease in the imports in October was anticipated, given the recent imposition of the 20% import tariff.



However, due to the way the import tax is structured, volumes of up to 150 million liters/quarter enter the country tariff free, which may provide incentive to the some market participants to bring in volumes at the beginning of the quarter to avoid the duty.

The import tax was implemented as of September 4.

The combined volume of imports that entered in September and October amounted to 201 million liters, so they are already exceeding the tariff-free quota.

Estimates from Kingsman, the agricultural analysis unit of S&P Global Platts, is that approximately another 150 million should be imported through the end of the year to total over 1.8 billion liters of imports in Brazil for 2017.

The flow of imports is expected to continue for next year as the country's ethanol deficit is forecast to remain at similar levels.

--Beatriz Pupo, beatriz.pupo@spglobal.com
--Edited by Derek Sands, derek.sands@spglobal.com