23 December 2004 20:16 [Source: ICIS news]
The increase in exports has been attributed to high oil prices and increased interest in bio-fuels, as well as the substitution of ethanol for methyl tertiary butyl ether (MTBE).
In addition to increased exports, Brazilian demand for ethanol is also rising due to the increased popularity of flex-fuel cars, which operate on ethanol, gasoline or a combination of the two.
The increase in exports and domestic sales has prompted concerns that
However, recent data released by the Sao Paulo State Sugarcane Industries Union (Unica) has helped calm concerns of shortages.
Through 15 December, Brazilian sugar mills had produced 13.37bn litres, 2.9% more than in the 2003 harvest, according to Unica.
The top markets for Brazilian ethanol include
Brazilian exports to
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