Copersucar eyes rise in Brazil ethanol exports

Newswire

SAO PAULO, June 24 (Reuters) - Brazilian ethanol exports from the center-south could rise this season by at least 50 percent over last year's crop as U.S. demand for the biofuel surges, a top sugar and ethanol trading group said on Tuesday. Shipments of Brazilian ethanol to the U.S. have become feasible despite a 54-cent-a-gallon import tariff after floods destroyed some of the U.S. corn crop used to make ethanol, driving up the price of both corn and ethanol in the U.S. "Total exports ...

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