Brazil Will Import U.S. Ethanol If Fuel Mix Raised, Bunge Says
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Brazil, the biggest ethanol producer after the U.S., will have to import the biofuel if authorities raise the mandatory level mixed into gasoline this year, according to commodity processor and trader Bunge Ltd.
“Unfortunately, mills just won’t be able to meet demand if the blend is raised this year,” Pedro Parente, chief executive officer for Bunge in Brazil, said in an interview yesterday in Sao Paulo. “We would have to get the ethanol from the U.S.”