Brazilian elections dampen hopes for ethanol recovery

In Brazil, elections in October are overhanging concerns about whether the next president will return to manipulating fuel prices to keep them lower, and in turn pull the rug out from under the domestic ethanol industry that is finally on an even playing field with gasoline after price capping stopped. Local courts recently ruled that mills can sell directly to fuel retails in an effort to lower prices at the pump but there are concerns that doing so could undermine Renovabio and the hopes the policy has created for saving the debt-laden industry.