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Ending ethanol tariff would add only 10,000 b/d from Brazil: EIA
PLATTS
WASHINGTON
Petroleumworld.com 05 10 06
Getting rid of the 54 cents/gal tariff on non-Caribbean Basin ethanol
would only result in about 10,000 b/d of extra ethanol coming in from Brazil,
a government energy analyst said Tuesday.The largest ethanol producer in the world, Brazil currently ships about
15,000 b/d to the US, its biggest export market."The best we can tell, Brazil doesn't have a lot of extra volume to
export," EIA senior analyst Joanne Shore said on a Bear Sterns conference call
on gasoline prices. She noted, however that even a small volume of imports
"can make a difference" in a tight market.Ethanol imports could come in from other regions, Shore said. "I think
you'd see some additional volumes," she said. "But we are not talking hundreds
of thousands of barrels/day of ethanol. There is not a lot available for
export around the world."President Bush last week said he was in favor of lifting the tariff to
ensure adequate supply of ethanol in the US gasoline market. Some analysts
have said a tight ethanol market has contributed to soaring gasoline prices,
particularly since refiners have switched away from gasoline additive MTBE to
ethanol.Lawmakers in both the Senate and House have introduced legislation to
remove the tariff, but they could face fierce opposition from corn-state
legislators looking to protect their states' market share. Corn is the primary
feedstock for ethanol in the US; sugar cane is the main feedstock for
Brazilian ethanol.--Cathy Landry, cathy_landry@platts.com
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Platts 05 09 06
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