Reuters: U.S. imports of Brazilian sugar cane ethanol could be cut by more than half if a draft proposal to reduce next year's U.S. biofuel blending mandate is enacted.
While the U.S. corn-based ethanol industry has issued the most fierce complaints over news this week that the Environmental Protection Agency may ease volumes, it may be Brazilian ethanol producers like Raizen and traders like Royal Dutch Shell PLC and Vitol S.A. who suffer a deeper blow. There import business has been booming thanks to...