Import Window for Brazil Ethanol to Reopen in January

Brazil's ethanol import window, used mainly by US fuel exporters, is likely to reopen in January for the Suape port in Pernambuco state, brokerage and analyst StoneX said in a report.

The brokerage expects the first quarter of 2027 to resemble the same period in 2026, when anhydrous ethanol was imported through Suape.

Imports surged in Brazil early in the year, pushing the trade balance negative from January to March, as US ethanol landed in the Northeast cheaper than domestic anhydrous despite an 18% import tariff.

Brazil's ethanol trade balance turned positive from April, and the September surplus was the highest in the series StoneX reviewed.

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