A Peruvian tribunal has ruled in favor of U.S. producers and reversed a 15-cent per gallon duty on U.S. ethanol in Peru.
The Peruvian National Institute for the Defense of Free Competition and Protection of Intellectual Property Tribunal announced on Friday that the U.S. ethanol industry and the U.S. government won an appeal on the countervailing duty case.
U.S. Grains Council President and CEO Ryan LeGrand says they are pleased the case was reversed.