Biodiesel and Ethanol Investing

Recharge reports that the Brazilian Sugarcane Industry Association, or Unica, is calling for the elimination of a 20% import tax on ethanol as domestic stocks are depleting and prices at the pump are on the rise. Brazil’s bad rains have been blamed for a poor sugar cane harvest, and local supply has been depleted. Unica says its tax cut request is not related to a dip in ethanol stocks, and instead reflects the group’s position for free trade for renewable fuels.