Brazil Considering Increasing Ethanol Mix To 25%
29 May 2007
Cattlenetwork. The Brazilian government is mulling the hike of an obligatory 23% ethanol mix in all gasoline to 25%, according to an Agricultural Ministry official.
Ethanol prices in Brazil are at their lowest point in two years.
“With this fall of prices, the ministers that make up the Inter-ministerial Council of Sugar and Ethanol, or Cima, are already talking about the possibility of raising the mix back to 25%,” said Alessandre Strapasson, the general coordinator at the Agricultural Ministry’s sugar and ethanol department in a phone interview with Dow Jones Newswires.
The higher mix would help the domestic market consume an additional 40 million liters of ethanol monthly, thereby sustaining prices.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Brazil Considering Increasing Ethanol Mix To 25% :