Government's storage aid for ethanol is a flop America Brazil

摘要

The only support measure granted by the federal government to the sugar and alcohol sector to overcome the crisis caused by COVID-19, the BRL3 bln (USD1=BRL5.14) financing line for storing ethanol in June, has so far failed to raise interest among distillers. According to the National Bank for Economic and Social Development (BNDES), the improvement in local fuel demand, production cuts and the booming export business may be cited as a reason.