U.S. Said to Import Brazilian Ethanol After Price Rally
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The U.S. is importing ethanol from Brazil after an 81 percent rally in domestic prices this year, according to two people with knowledge of a shipment.
The vessel Chembulk Ulsan is scheduled to load 5.3 million gallons (20 million liters) of ethanol at Brazil’s Port of Santos on April 3 and deliver it later next month at the Port of Tampa, Florida, according to the people, who asked not to be identified because terms aren’t public.