Home Agribusiness Brazil Oct. ethanol imports drop 17%, but 27% higher than 2016

Brazil Oct. ethanol imports drop 17%, but 27% higher than 2016

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Brazil Oct. ethanol imports drop 17%, but 27% higher than 2016

Brazilian imported 91 million liters  of etanol in October, down almost 17% from September but 27% higher more than in the same month 2016,  said the Secretariat of Foreign Trade (SECEX) on Monday (Nov. 6). Cumulative imports of ethanol Jan-Oct  reached almost 1.7 billion liters, over three times higher than in the first tem months of 2016.

The decrease in the imports in October was anticipated, given the recent (Sept.4) imposition of a 20% import tariff (for volumes higher than 150 million liters/quarter).