The announced measure becomes effective on April 4 and benefits ethanol, coffee, margarine, cheese, pasta, sugar, and soybean oil. The move is aimed at curbing inflation.
This year, Brazil is likely to produce 30.3 billion liters of ethanol from sugar cane and another 1.34 billion liters from corn—a total of 31.6 billion liters.
Brazil’s Agriculture Minister Blairo Maggi said Tuesday (Aug. 28) that Brazil may resort to the World Trade Organization (WTO) to challenge the tariffs imposed by China on Brazilian goods.
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