Brazil focusing on increasing ethanol output — Datagro
Brazilian sugar and ethanol plants are likely to temporarily reduce sugar production volumes as a way to increase ethanol output to address increasing demand and high prices for the biofuel in the country, consultancy Datagro said on Wednesday.
It is reported by Nasdaq.
Analyst Plinio Nastari said during the Santander ISO Datagro New York Sugar and Ethanol Conference that financial returns on sales of anhydrous ethanol, the type that is blended in gasoline, have surpassed those from sugar sales, leading some mills to adjust their production strategy for the moment.