Brazil confirms increased ethanol blend gasoline from May

The Brazilian government on Friday issued a formal notification confirming that as of May 1 the ethanol blending in gasoline will rise to 25 percent from the current 20 percent, after announcing the move in late January.

The huge cane industry and ethanol in the country longed to receive formal confirmation as previously announced by Energy Minister Edison Lobao, for better security in their production plans for next season.

It is expected that Brazilian ethanol supply increases in the coming season, starting in April, thanks to higher production. In addition, the mills plan to use a greater proportion of cane for ethanol this year, as the fall in sugar prices make biofuels more profitable.

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