Brazil’s executive management committee or CAMEX, their chamber of foreign trade has announced a 30 day delay of a decision on imposing a 20 percent tariff on U.S. ethanol imports. U.S. Grains Council Economist Mike Dwyer says it’s another in a series of delays which is positive for U.S. ethanol.

He says what’s concerning is the tariff the Brazilians are actually looking at is what’s known as a TRQ which involves putting a quota on imports.

Dwyer says should Brazil choose to impose the TRQ, it’ll only hurt their consumers after the quota is reached.

Dwyer says U.S. Grains Council along with Growth Energy and the Renewable Fuel Association all note that any tariff by Brazil goes against that country’s long standing view that ethanol tariffs are inappropriate and will harm the development of the global ethanol industry.