Brazil ANP President:Government Considers Cuts To Ethanol Mix-Estado
Quoted by the local Estado news agency, ANP President Haroldo Lima said the decision to cut the ethanol-gasoline mixture would be made in one or two weeks. The current mixture is 25%, and the minimum ethanol-gas mixture would be 20%, Lima said.
The measure would increase availability of the biofuel and reduce ethanol prices, Lima said. That would counter a recent spike in ethanol prices in several Brazilian states because ethanol is expensive to store.
In seven Brazilian states, the price of sugar cane-based ethanol has rocketed higher than the price of gasoline. Ethanol producers boosted prices to cover losses related to higher-than-normal rainfall.
According to Lima, ethanol prices should come down "in a short time."
-By Jeff Fick, Dow Jones Newswires; 55-21-2586-6085; jeff.fick@dowjones.com
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Publié le 09 novembre 2009 Copyright © 2009 Dowjones
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