Brazil reports lower ethanol production

Brazil will increase imports of gasoline least 354 percent by 2020, as a result of reduced production of ethanol from sugar cane, according to a report by the Government, local media reported Wednesday. The study, at the request of Brazilian President Dilma Rousseff, presents three scenarios for the fuel market in the next eight years, in which a more optimistic outlook suggests that the country will need to move from the current 221,365 meters cubic of imported gasoline one million per month in 2020. Read Article