05 March 2008 22:03 [Source: ICIS news]
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The domestic market remains untapped due to a discrepancy in sales taxes charged by different Brazilian states, however, according to Eduardo Farias, president of Grupo Farias, which owns 10 ethanol mills in five Brazilian states.
“If every state charged the same tax as
“All that could change with a simple stroke of a pen by four or five governors,” he said.
Farias estimated global ethanol import demand will be at 6bn litres in 2015, with the
The producer also accused the EU of protectionism by using, he claimed, environmental and technical specifications as a “desguise” to restrict ethanol imports.
He said nothing about the 54 cent/gal tariff the
Farias spoke at F. O. Licht’s Sugar and Ethanol Brazil 2008. The event was organized in partnership with IBC Brasil.
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