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Brazil Expects Another Record Year For Ethanol Output
By Mr Ethanol | May 7, 2007
Wisconsin Ag Connection:
Brazil, a world leader in alcohol fuel, expects to produce a record 5.34 billion gallons of ethanol in the current sugarcane season, up 13.5 percent from the harvest before, the Agriculture Ministry said Friday.
According to the Associated Press, the ministry’s projection for the season, which begins in May and ends next April, shows Brazil also is set to produce 31.3 million tons of sugar, up 5 percent from the 2006-07 season.
Brazil’s Union of Sugarcane Industries, or Unica, recently released similar forecasts.
Brazil is the world’s No. 1 sugar producer and exporter. It also is the world’s largest exporter of ethanol and the No. 2 producer after the United States, which produced 4.9 billion gallons last year.
Topics: Brazil, Market, News |
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