Imports of ethanol by Brasil to resume = to 200+ million bu?
Brazil's ethanol imports to double to 600 mln liters - Datagro - RTRS
SAO PAULO, Oct 23 (Reuters) - Brazilian ethanol imports, principally from the United States, have resumed and are expected to double to 600 million liters this 2014/2015 season, sugar and ethanol analysts Datagro said on Thursday.
Brazil's cane belt has suffered from a severe drought since January, which has reduced harvest by about 10 percent to 550 million tonnes of cane. The smaller crop will mean that fuel distributors will import more of the biofuel, Datagro President Plinio Nastari said on Reuters Trading Brasil chat room.
Re: Imports of ethanol by Brasil to resume = to 200+ million bu?
Yes, the bushel figures were based on gallons not litres. I was using someone else's figures and didn't run it myself. 2.5 gallons per bu roughly? 150 million l x 1.1g = less than 100 M bu?