Tag: Brazil

Brazilian industry looking at way to reduce soybean exports to China

Brazilian industry looking at way to reduce soybean exports to China

November 8, 2018 |

In Brazil, Reuters reports that Ubrabio wants the government to return 10% of the taxes levied on soybean exports to be returned to crushers so they can compete with international demand for whole beans. China has been importing Brazilian soybeans en masse in response to the trade war with the US that has in turn […]

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FCStone sees Brazil shifting to more sugar production next year with 9% less ethanol

FCStone sees Brazil shifting to more sugar production next year with 9% less ethanol

November 7, 2018 |

In Brazil, Reuters reports that FCStone expects ethanol production to fall by nearly 9% on the year in 2019/20 to 27.4 billion liters as sugar mills switch to using more sugarcane for sugar production rather than ethanol. During the current season which is coming to an end, mills focused on ethanol production in response to […]

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Brazil looks to blend B15 by 2023

Brazil looks to blend B15 by 2023

October 31, 2018 |

In Brazil, the National Council for Energy Policies has proposed boosting the country’s biodiesel blend to 15% by 2023, increasing gradually by 1% annually from the current 10% beginning in June 2019. The additional 5% blending would increase biodiesel demand by 85% between 2018 and 2023 leading to production of 10 billion liters from the […]

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Brazil’s president-elect wants strong comeback for ethanol industry

Brazil’s president-elect wants strong comeback for ethanol industry

October 30, 2018 |

In Brazil, Reuters reports that the country’s president-elect says he would like to work with the ethanol industry to bring it back to global dominance, overtaking the US who has surpassed the Brazil’s production in recent years. Despite earlier concerns that he would back out of the Paris climate treaty and along with it support […]

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Brazilian mills still pushing hard for ethanol as crush looks to end early

Brazilian mills still pushing hard for ethanol as crush looks to end early

October 24, 2018 |

In Brazil, Platts reports that UNICA data shows sugar mills continue to heavily favor ethanol production over sugar despite an increase in sugar prices the past few weeks. During the first half of October, mills produced 1.48 billion liters of ethanol, down 6.6% lower on the year due to the smaller cane crush, but ethanol […]

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BNDES Giro approves $13.5M for Paraná sugar and ethanol plant

BNDES Giro approves $13.5M for Paraná sugar and ethanol plant

October 21, 2018 |

In Brazil, the National Bank for Economic and Social Development (BNDES) approved R$50 million (approximately $13.5 million) financing for Companhia Agrícola Usina Jacarezinho to enable the company to improve its capacity and keep the approximately 1,800 employees throughout 2019. Usina Jacarezinho has an industrial unit with processing capacity of 2.6 million tons of sugarcane, located […]

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South Korea switches Brazilian ethanol for Pakistani

South Korea switches Brazilian ethanol for Pakistani

October 16, 2018 |

In South Korea, Platts says Pakistan has become the origin of preference for ENA and REN industrial ethanol imports over Brazil due to appreciation of the Brazilian Real and softening prices expected for Pakistani product. With ongoing extended dryness leading to an early end of the Brazilian crush this year, ethanol prices are expected to […]

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Brazil contracts 964.8 million liters of biodiesel for $729.3 million at auction

Brazil contracts 964.8 million liters of biodiesel for $729.3 million at auction

October 10, 2018 |

In Brazil, ANP sold 964.8 million liters of biodiesel at its most recent auction at an average price of 75 cents per liter totaling $729.3 million. More than 1 billion liters of biodiesel was offered at the two day auction by 38 producers, 99.1% of which bored the Social Fuel Seal indicating feedstock was sourced […]

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Chinese demand for Brazilian soy leaves biodiesel producers without feedstock

Chinese demand for Brazilian soy leaves biodiesel producers without feedstock

October 8, 2018 |

In Brazil, Bloomberg reports that thanks to demand for soybeans from China that have seen premiums double this past year, domestic soybean crushers are expected to hold off until the harvest begins in 2019 because of negative margins. So, while overall exports of soybeans are up 13% on the year through September with 91% of […]

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Brazilian ethanol imports slide 88% in September as NNE crush kicks in

Brazilian ethanol imports slide 88% in September as NNE crush kicks in

October 4, 2018 |

In Brazil, Platts reports that September ethanol imports fell 88% from the month prior at 5.7 million liters, 95% lower than last year and the lowest since September 2015 when just 15,000 liters were imported. September imports are traditionally low due to the ongoing sugarcane crush in the center-south region and the start of the […]

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