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Lula's fuel tax U-turn likely to hit sugar, ethanol industry

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Lula's fuel tax U-turn likely to hit sugar, ethanol industry

Brazilian sugar and ethanol companies are likely to be negatively impacted after Brazil's new President Luiz Inacio Lula da Silva surprised markets with a decree that keeps fuels exempt from federal taxes, analysts said on Tuesday.

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Lula's fuel tax U-turn likely to hit sugar, ethanol industry

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Lula's fuel tax U-turn likely to hit sugar, ethanol industry

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