Brazil's Sweet Deal: Pushing for Increased Tax-Free Sugar Exports to the U.S.

Brazil is urging the United States to increase its tax-free sugar export quota amid potential tariffs on ethanol. The discussions have become critical as the U.S. hints at taxing Brazilian ethanol, a move that could impact Brazil's sugar industry. Meetings are ongoing to negotiate trade terms.

Brazil is making a strategic effort to persuade the United States to raise the quota on tax-free sugar exports, according to sources familiar with the negotiations.

Amid looming U.S. tariffs on Brazilian ethanol, increasing the current export limit of 147,000 metric tons has become a critical agenda for Brazil's government.

With talks underway, Brazilian officials are negotiating not only on sugar quotas but also exploring possibilities to include additional products in future trade discussions.

(With inputs from agencies.)