Ethanol production in Brazil would reach between 25,400 and 26,400 million liters in the south central area during the season 2013/14, from 21,400 million liters of this ending season, Job Economia Consultancy estimated.
Ethanol production, according to the consultancy, will grow more than 20 percent, well above expectations for sugar, because of better economic prospects for the biofuel.
“Ethanol is paying more than sugar. Under these conditions, and with the price of sugar in a downtrend , producing ethanol greater,” said Julio Maria Borges, director of Job Economia.
Higher prices caused by biofuel production, both of anhydrous ethanol and hydrous ethanol (used in flex-fuel vehicles), were more profitable than sugar in the past two weeks, according to the specialist.