Datagro says boost in domestic and California ethanol demand to support prices

In Brazil, Datagro says that ethanol demand will increase across the country following Petrobras recent fuel price increase as well as a jump in exports to California, helping to support both ethanol and sugar prices. UNICA says the sugarcane crush has been 58.4% ethanol so far this season, compared to 46% ethanol last year, but even the higher volume of ethanol isn’t currently weighing on prices. Datagro expects ethanol exports to reach 1.8 billion liters this season.