In New York, Sen. Charles Schumer (D-N.Y.) said that he would introduce a bill to temporarily repeal the ethanol tariff, to make more corn available for dairy farmers and reduce milk prices. He noted that milk prices have increased 38 percent in the past year in New York, and that the ethanol tariff of 54 cents on every gallon of imported ethanol, had made the problem worse. The ethanol tariff, he pointed out, was established in 1980 when ethanol production was negligible, but that production had increased to more than 7 billion gallons in 2007.
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In Washington, Midwestern lawmakers have vehemently opposed moves by the Bush administration to reduce or eliminate the tariff on Brazilian ethanol imports. Sen. Chuck Grassley, the ranking Republican...
In Washington, Federal Reserve Chairman Ben Bernanke said that he favors reduction of the Brazilian ethanol tariff, to reduce pressure on food prices from diversion of the corn crop to ethanol product...
In Washington, U.S. Energy Secretary Sam Bodman, commenting on the future of the ethanol tariff, said that the Bush Administration "will start to deal with that question" in the 2009 US Budget that th...
Top Story:General Motors announced that it will invest in Coskata, a cellulosic ethanol venture backed by Vinod Khosla. GM is reported to have made the move in part to convince its customers that th...
South Africa's National Agricultural Marketing Council (NAMC) has blamed biofuels, among other factors, for food prices increases. The council reported price increases between July 2006 and July 2007 ...
In Brazil, the president of the Brazilian Sugarcane Industry Association proposed that the US establish a variable ethanol tariff linked to the price of oil, if it would not abolish the ethanol tariff...
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