Brazil to invest $1.1B in off-season ethanol storage to shore up supply

In Brazil, the government will lend sugarcane mills $1.1 billion in order to store ethanol during the off-season period in an attempt to ensure there is enough supply for the domestic market until the next crush begins in April. It will be up to the National Monetary Council to decide how much the interest rates will be. The national development bank BNDES and the Banco do Brasil will be among the main suppliers of the credit lines.