Copersucar sees ethanol demand jumping if gasoline price cap lifted

In Brazil, Copersucar says that ethanol demand could jump by 2.11 billion gallons a year if the government eliminated the price cap on gasoline. Analysts estimate Petrobras is discounting gasoline prices by up to 15% compared to international prices. Boosting the ethanol blend in gasoline to 27.5% from the current 25% would increase demand by 1.5 billion liters. The decision to boost the blend has been postponed until 2015.