Brazil has exported 22.3 million litres to the US since mid-April, compared to 376.2 million litres during the same time last year, according to the Brazilian sugar cane industry association, UNICA.
”At this time last year, better US sales opportunities existed because gasoline and petroleum were so expensive,” says Julio Borges of the Brazilian consultancy Job Economia e Planejamento. ”The mixture of ethanol in gasoline in the US was very economically attractive- today the situation is very different—petroleum is cheap, gasoline is cheap.”
Bob
