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Showing posts with label International Trade. Show all posts
Showing posts with label International Trade. Show all posts
Tuesday, August 2, 2011
Brazil's Government Prepares Ethanol Stimulus
Concerned about the inflationary impact of ethanol shortages, Brazil's government is preparing a package of measures to stimulate sugarcane farming and ethanol fuel stocking, local business daily Valor Economico reported Friday.
According to government sources, the Finance Ministry will in August issue a decree offering tax breaks on sugarcane production and subsidized credit to stock ethanol until the post-harvest January to April period, when shortages are most acute.
Brazilian ethanol prices surged in the first quarter of 2011 as producers failed to keep up with soaring demand in this booming economy. Shortages promise to be even more acute next year as sugarcane output is seen falling 4 to 6%.
This potentially hinders the government's fight to control peaking inflation, as ethanol is widely used as an automotive fuel and as a 25% additive in gasoline fuel.
The government has identified lagging sugarcane production as one of the main problems. UNICA, the main sugarcane industry association, forecasts 2011-12 center-south output will come in 48 million metric tons, or 9%, short of demand. That's mainly because rival crops have been offering better returns than sugarcane, which in part is because of government caps on fuel prices.
The government's planned tax breaks, on which sources offered no details, represent an attempt to revert that situation.
No stimulus will be given to increase ethanol-distilling capacity, however, as the country has 150 million metric tons in excess crushing capacity, according to Brasilia.
The creation of ethanol stocks was a key issue for many years before the introduction of the flex-fuel cars, which can run on any mixture of ethanol and gasoline fuel from 2003 onwards.
While a shortage of ethanol no longer means a fuel crisis, it does push fuel prices higher hence the government initiative create stocks.
Brazil is expected to export 1.8 billion liters of ethanol in 2011-12 -- a fact frowned upon in Brasilia.
According to Mines and Energy Minister Edison Lobo, the government decided to hold off on reducing the percentage of ethanol added to gasoline to 18 to 20%, from 25%, following assurances from millers and distillers that they will supply the market, at reasonable prices. The industry has committed to import up to 1 billion liters of ethanol to meet that promise. That means more ethanol imports from the U.S. this season.
Brazil's Government Prepares Ethanol Stimulus
Concerned about the inflationary impact of ethanol shortages, Brazil's government is preparing a package of measures to stimulate sugarcane farming and ethanol fuel stocking, local business daily Valor Economico reported Friday.
According to government sources, the Finance Ministry will in August issue a decree offering tax breaks on sugarcane production and subsidized credit to stock ethanol until the post-harvest January to April period, when shortages are most acute.
Brazilian ethanol prices surged in the first quarter of 2011 as producers failed to keep up with soaring demand in this booming economy. Shortages promise to be even more acute next year as sugarcane output is seen falling 4 to 6%.
This potentially hinders the government's fight to control peaking inflation, as ethanol is widely used as an automotive fuel and as a 25% additive in gasoline fuel.
The government has identified lagging sugarcane production as one of the main problems. UNICA, the main sugarcane industry association, forecasts 2011-12 center-south output will come in 48 million metric tons, or 9%, short of demand. That's mainly because rival crops have been offering better returns than sugarcane, which in part is because of government caps on fuel prices.
The government's planned tax breaks, on which sources offered no details, represent an attempt to revert that situation.
No stimulus will be given to increase ethanol-distilling capacity, however, as the country has 150 million metric tons in excess crushing capacity, according to Brasilia.
The creation of ethanol stocks was a key issue for many years before the introduction of the flex-fuel cars, which can run on any mixture of ethanol and gasoline fuel from 2003 onwards.
While a shortage of ethanol no longer means a fuel crisis, it does push fuel prices higher hence the government initiative create stocks.
Brazil is expected to export 1.8 billion liters of ethanol in 2011-12 -- a fact frowned upon in Brasilia.
According to Mines and Energy Minister Edison Lobo, the government decided to hold off on reducing the percentage of ethanol added to gasoline to 18 to 20%, from 25%, following assurances from millers and distillers that they will supply the market, at reasonable prices. The industry has committed to import up to 1 billion liters of ethanol to meet that promise. That means more ethanol imports from the U.S. this season.
Tuesday, June 8, 2010
Locals buck oil firms’ ethanol imports
BY EUAN PAULO C. AÑONUEVO Reporter
Local ethanol players have said oil companies have not been complying with the Biofuels law because they continue to buy ethanol abroad.
Tetchi Cruz Capellan, Ethanol Producers Association of the Philippines (EPAP) executive director, said that as stated in the Biofuels Act of 2006, all liquid fuels for motors and engines in the Philippines should contain locally sourced biofuels.
“We cannot understand why the oil companies refuse to heed the law,” she said.
Because of this, the Department of Energy earlier issued a circular that controls the importation of ethanol by requiring all oil companies to declare compliance to the Biofuels Act.
Most oil firms continue to source most of their ethanol requirements from countries like Brazil because of limited local production.
“If the department fails to control the importation of ethanol from Brazil, [then] we are simply replacing Middle East oil imports with Brazilian ethanol imports,” Capellan said.
Brazil is the recognized global leader in ethanol production, exporting 3.5 billion liters of ethanol and has supplied the domestic market with approximately 14 billion liters in 2007.
The South American country imposes a 30-percent import tax on ethanol to protect its industry whereas the Philippines only slaps a 1-percent duty on such imports.
Capellan said that the uneven playing field slowed the entry of investments in the biofuels sector, consequently undermining the alternative fuels program of the government.
As a result, Alto Power Inc.—which has a potential to produce 40 million liters of ethanol—announced last month they would pull out investments from the ethanol plant project in Cagayan de Oro because of the government’s weak support for the industry.
Locals buck oil firms’ ethanol imports
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BY EUAN PAULO C. AÑONUEVO Reporter
Local ethanol players have said oil companies have not been complying with the Biofuels law because they continue to buy ethanol abroad.
Tetchi Cruz Capellan, Ethanol Producers Association of the Philippines (EPAP) executive director, said that as stated in the Biofuels Act of 2006, all liquid fuels for motors and engines in the Philippines should contain locally sourced biofuels.
“We cannot understand why the oil companies refuse to heed the law,” she said.
Because of this, the Department of Energy earlier issued a circular that controls the importation of ethanol by requiring all oil companies to declare compliance to the Biofuels Act.
Most oil firms continue to source most of their ethanol requirements from countries like Brazil because of limited local production.
“If the department fails to control the importation of ethanol from Brazil, [then] we are simply replacing Middle East oil imports with Brazilian ethanol imports,” Capellan said.
Brazil is the recognized global leader in ethanol production, exporting 3.5 billion liters of ethanol and has supplied the domestic market with approximately 14 billion liters in 2007.
The South American country imposes a 30-percent import tax on ethanol to protect its industry whereas the Philippines only slaps a 1-percent duty on such imports.
Capellan said that the uneven playing field slowed the entry of investments in the biofuels sector, consequently undermining the alternative fuels program of the government.
As a result, Alto Power Inc.—which has a potential to produce 40 million liters of ethanol—announced last month they would pull out investments from the ethanol plant project in Cagayan de Oro because of the government’s weak support for the industry.
Sunday, April 18, 2010
Camex zera imposto de importação do etanol até o fim de 2011
A Câmara de Comércio Exterior (Camex), decidiu, em reunião nesta segunda-feira (5), zerar o Imposto de Importação do etanol até o fim de 2011. A decisão da Camex, fórum que reúne ministros de estado, foi informada pela secretária-executiva do órgão, Lytha Spíndola. Até o momento, a alíquota era de 20%.
A secretária informou que a medida atende à uma reivindicação da União da Indústria da Cana-de-açúcar (Unica). "É um pleito da Unica. A entidade avalia que a medida [zeragem da alíquota do imposto de importação] poderá reduzir as barreiras ao produto [no exterior]", disse.
"O pedido [de zeragem do imposto] reflete posição histórica da Unica, que sempre defendeu o livre comércio, sem barreiras tarifárias ou não-tarifárias para os combustíveis renováveis de eficiência energética e ambiental comprovadas, como é o caso do etanol brasileiro de cana-de-açúcar", informa a entidade em sua página na internet.
De acordo com Lytha Spíndola, a medida não tem por objetivo estimulas as importações de etanol. "O Brasil é um grande produtor de etanol, muitíssimo competitivo. Não temos nada contra importar, mas se acontecerem [as importações], elas serão marginais", explicou ela.
“A Unica acredita que o mercado livre é uma via de mão dupla e o Brasil, como principal produtor de etanol de cana e maior exportador de etanol do mundo, com 60% do mercado global, vai dar exemplo “, afirmou o presidente da entidade, Marcos Jank.
Camex zera imposto de importação do etanol até o fim de 2011
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A Câmara de Comércio Exterior (Camex), decidiu, em reunião nesta segunda-feira (5), zerar o Imposto de Importação do etanol até o fim de 2011. A decisão da Camex, fórum que reúne ministros de estado, foi informada pela secretária-executiva do órgão, Lytha Spíndola. Até o momento, a alíquota era de 20%.
A secretária informou que a medida atende à uma reivindicação da União da Indústria da Cana-de-açúcar (Unica). "É um pleito da Unica. A entidade avalia que a medida [zeragem da alíquota do imposto de importação] poderá reduzir as barreiras ao produto [no exterior]", disse.
"O pedido [de zeragem do imposto] reflete posição histórica da Unica, que sempre defendeu o livre comércio, sem barreiras tarifárias ou não-tarifárias para os combustíveis renováveis de eficiência energética e ambiental comprovadas, como é o caso do etanol brasileiro de cana-de-açúcar", informa a entidade em sua página na internet.
De acordo com Lytha Spíndola, a medida não tem por objetivo estimulas as importações de etanol. "O Brasil é um grande produtor de etanol, muitíssimo competitivo. Não temos nada contra importar, mas se acontecerem [as importações], elas serão marginais", explicou ela.
“A Unica acredita que o mercado livre é uma via de mão dupla e o Brasil, como principal produtor de etanol de cana e maior exportador de etanol do mundo, com 60% do mercado global, vai dar exemplo “, afirmou o presidente da entidade, Marcos Jank.
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