Brazil’s national monetary council approves low-cost loans for sugarcane ethanol

March 8, 2012 |

In Brazil, the country’s national monetary council CMN has approved $ million in loans at 8.7% interest from the Central Bank and the Planning and Finance ministries to help sugarcane mills pay for long-term storage of ethanol in order to bridge the supply gap during the intra-harvest period. The current benchmark lending rate is 10.5%.

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Category: Policy

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