Last update: 09.07.2011
Brazil could limit state loans for sugar
Source : reuters.com
Brazil's government wants to restrict state lending to cane mills that produce more sugar than ethanol in a bid to boost production of the biofuel, a local newspaper reported on Friday. The measure is part of a larger package from the ministries of finance and energy meant to rein in rising prices for ethanol, as overall inflation in the country dangerously nears the ceiling of a government target range, Folha de S.Paulo reported, without citing any sources. The government also wants to tax sugar exports between 4 and 5%, as well as leaving off a specific tax on imported gasoline, according to Folha. Brazil's government also wants state-controlled oil giant Petrobras to boost its ethanol production to act as a market regulator, Folha reported.
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11 April 2011 |
South & Latin America
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Articles regarding South & Latin America (92 articles)
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