Brazilian ethanol demand jumps 55% on month in January

In Brazil, Reuters reports that energy regulator ANP data shows January ethanol demand jumped 55% compared to December to 1.37 billion liters. With sugarcane mills expected to focus more on ethanol rather than sugar production in the new season starting later in March, as much as 5 million metric tons of sugar could be removed from the global market, helping to support prices for both products and improve bottom lines at mills. At the moment, ethanol is currently $1.4 per gallon cheaper than gasoline.