An influx of cheap U.S. and Brazilian ethanol threatens Europe’s producers as businesses resume operations, companies have told the European Commission, urging it to act to protect an industry reeling from depressed demand.
Reuters European producers of ethanol, made from grains or sugar crops, now fear that record stocks in these countries could prompt them to further boost their shipments to Europe when confinement measures are lifted.
They asked the European Commission for quick action, including potential tariffs.
