Fostering Bilateral Trade and Investment Flows Between Brazil and Florida

Brazil's Datagro Sees Increased Demand for Ethanol Supporting Sugar Prices

October 15, 2015 8:07 AM | Anonymous

SAO PAULO--Demand for ethanol is rising in Brazil and in California, which should boost production of the alternative fuel and support the price of sugar, consultancy Datagro said Wednesday.

Brazilians are consuming more ethanol because the price of gasoline at the pump has risen, making the sugar-based fuel more competitive. State-controlled oil company Petroleo Brasileiro SA, or Petrobras, recently announced an increase in the price of gasoline, and the federal government raised a tax on the fossil fuel earlier this year.

Read the original article by Jeffrey T. Lewis at http://www.nasdaq.com/article/brazils-datagro-sees-increased-demand-for-ethanol-supporting-sugar-prices-20151014-00775



Request an appointment

Brazil-Florida Business Council • 2202 N. West Shore Blvd. Suite 200 • Tampa, FL 33606 

© 2019 Brazil-Florida Business Council, Inc. All rights reserved. Terms of Use