Ethanol demand from Brazilian drivers soars as prices fall below parity

In Brazil, dry weather has boosted the sugarcane crush, leading to a surge in sugar production over ethanol production. But despite that, ethanol prices have fallen below the 70% price parity in many parts of the country that leads drivers to switch to ethanol for their flex-fuel cars. In some places, they’ve got below 60%. So far ethanol sales are up 46% on the year at 9.9 billion liters.