Brazil Ethanol Consumption Overtakes Gasoline

CattleNetwork
4/24/2008 5:42:00 AM

LONDON (Dow Jones)--Brazil's ethanol consumption now outstrips gasoline consumption and as a consequence the alternative fuel's influence on the sugar market is becoming more prevalent, sugar analyst Czarnikow said Thursday.

Ethanol demand is currently near 65 billion liters, compared with 23 billion liters in 2003, and sugarcane is the feedstock for around 40% of world ethanol production, said the report.

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