Brazil's plan to raise ethanol blend rate will be good for mills

01/23/2013 | Bloomberg

Brazilian sugarcane processors such as Raizen and Adecoagro are set to benefit from increased demand for ethanol amid plans by the Brazilian government to raise the ethanol blend rate from 20% to 25% in June. Mills in the center-south region are expected to divert as much as 54% of their cane into ethanol production in the season starting April 1, the biggest percentage in three years, said Antonio de Padua Rodrigues, technical director of industry group Unica.

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