News International Sugar Journal

Brazil – Ethanol production and price volatility command attention [Registered]

In response to recent price volatility, Brazil’s government have been forced into action to provide necessary financing and other incentives to boost sugar cane ethanol production that has struggled recently. The move follows shortage of ethanol in April leading to rise in both prices and imports from the US. The state-run development bank BNDES announced that it would inject 30 billion to 35 billion reais (U$19 billion to $22 billion) to finance expansion in the sugar cane sector through 2014. This is a step in the right direction and would be welcomed by UNICA (Brazilian Sugarcane Industry association whose members…

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