Brazil says has enough ethanol for surging demand

Newswire

By Peter Blackburn RIO DE JANEIRO, Brazil, Aug 20 (Reuters) - Brazil, the world's biggest ethanol producer, has sufficient supplies to meet surging demand for the green fuel as oil prices race to record highs, government officials, producers and analysts said on Friday. With U.S. light crude climbing to nearly $50 a barrel amid escalating violence in Iraq and strong demand, sugar cane-based fuel ethanol is an increasingly attractive option. Brazil, the world's biggest ethanol producer, ...

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