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December 2009 | |  |
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China tariff cut could open ethanol import door
Source : forbes.com
China's decision to lower a tariff on alcohol imports could also apply to fuel ethanol, traders said on Friday, potentially opening the door to imports from countries like Brazil. But even if imports were financially viable, China's lack of the capacity needed to blend the more environmentally friendly fuel into gasoline meant there was little chance of a flood of imports into the world's most populous nation, traders said. China's Finance Ministry announced this week that the import tax for alcohol and other denatured spirits would be 5% from Jan. 1, down from the current 30%. On the supply side, a complicated sugar cane harvest in Brazil, the world's top exporter of ethanol, will result in lower supplies of the biofuel over the next few months.
read more ...
21 December 2009 |
Economy ::
Bioethanol ::
Asia
The information in this section is subject to a disclaimer.
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