High US Corn Opens Window For Brazilian Ethanol Producers

CattleNetwork
4/8/2008 5:40:00 PM

SAO PAULO (Dow Jones)--As high corn prices continue to pressure U.S. ethanol companies, Brazilian competitors see a window of opportunity this summer for their home-grown ethanol made from less-expensive sugarcane.

"Demand from oil companies for Brazilian ethanol is very high right now," said Eduardo Correa, a trade manager at Brazilian ethanol exporter Equipav Milling Group. "There's going to be plenty of opportunities for us to export this summer, either directly or through the Caribbean," Correa said.

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