Lower ethanol output to up Brazil gasoline imports

摘要

London—Brazil will have to continue to import additional gasoline volumes to meet booming demand for transport fuels amid tumbling ethanol supplies, JP Morgan said in a research note July 30. A poor sugarcane harvest combined with high sugar prices has caused ethanol production in Brazil’s main center-south region to drop around 30% so far in the crop year started in April, following a plunge of over 25% in the crop year ended in March.