Brazil’s Ethanol Demand Seen Rising by Copersucar on Fuel Price
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Ethanol demand in Brazil, the largest sugar producer, is set to gain as the price of the biofuel at the pump is now more competitive than gasoline, according to Sao Paulo-based trader and producer Copersucar SA.
Ethanol prices are 62 percent to 63 percent that of gasoline, a level that will start attracting demand, Luis Roberto Pogetti, chairman of Copersucar, said in an interview in London today. Brazilian flex fuel cars can run on either a mix of ethanol and gasoline or pure biofuel. Filling up with ethanol usually becomes more advantageous than with gasoline at the parity of 65 percent, researcher Datagro Ltd. estimates.