Brazil Considers Corn Ethanol as Grain Prices Decline
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Brazil, the world’s largest producer of ethanol from sugarcane, may start producing the biofuel from corn after a record crop prompted domestic prices to slump below costs, the country’s agriculture policy secretary said.
“We’re studying to provide financial support to corn ethanol and to design an agriculture policy for it,” Neri Geller said in a telephone interview from Brasilia. “Corn ethanol is competitive and is probably the best outlet for the corn surplus.”