Diplomacia e Relações Internacionais
- A Loucura (e O Embuste) Do Etanol (pelo Menos Nos Eua) - Burton A. Abrams
The Folly of Ethanol In an effort to conserve resources, federal and state policymakers have discarded one of the most important resources of all: common sense. Take the government push for ethanol. Mandating that gasoline suppliers blend their products...
- Petrobras Decadente: Deu No New York Times
Petrobras, Once Symbol of Brazil’s Oil Hopes, Strives to Regain Lost Swagger By SIMON ROMERO The New York Times, March 26, 2013 RIO DE JANEIRO — Brazil’s oil production is falling, casting doubt on what was supposed to be an oil bonanza. Imports...
- Latin America And A Food Price Shock - Imf Blog
Latin America and the Caribbean: Dealing with Another Food Price ShockIMF blog, October 25, 2012 by iMFdirectBy Luis Cubeddu and Sebastián SosaWorld food prices are on the rise again owing mainly to global weather-related...
- Desgraca De Uns...: Seca Nos Eua - Financial Times
Financial Times, August 10, 2012 8:35 pmUS drought threatens food price surgeBy Gregory Meyer in New York and Jack Farchy and Javier Blas in LondonCracking up: drought has robbed farmers of critical water sources, such as this pond in Illinois that...
- Drogados Em Acucar: Sim, Existe, Nos Eua
Um editorial do Washington Post, deste domingo, preconizando o fim dos subsídios absurdos pagos aos produtores americanos de açúcar, e o fim do protecionismo também, duas coisas que eu tenho absoluta certeza de que NÃO ocorrerão... Paulo Roberto...
Diplomacia e Relações Internacionais
Brilhante autonomia energetica do governo preclaro: dependencia do Imperio...
Brazil to Become Net Importer of U.S. Ethanol, Czarnikow Says
By Isis Almeida and Tony C. Dreibus
Bloomberg, November 22, 2011
Brazil will become a net importer of U.S. corn-based ethanol as high sugar costs create a shortage of the biofuel in the South American country, boosting the price link between the crops, C. Czarnikow Sugar Futures Ltd. said.
Brazil has imported 500 million liters (132 million gallons) of ethanol from the U.S. since 2010, equal to 800,000 metric tons of sugar or 1.2 million tons of corn, Czarnikow said in a report today. Millers in Brazil are using more sugar cane to produce sweeteners instead of ethanol, the broker said.
Cars in Brazil can run on either 100 percent ethanol or a mix of gasoline and the biofuel. The government has cut the mandatory amount of ethanol to be blended into gasoline to 20 percent from 25 percent this year because of a shortage.
“If the blend goes back to 25 percent, Brazil will need to implement a large import program,” Henry Toller, an ethanol analyst at Czarnikow, said by phone from London.
Sugar prices that almost tripled in three years through 2010 on ICE Futures U.S. in New York resulted in declining ethanol production as earnings “are effectively capped,” Czarnikow said in the report.
“Given the underlying growth in the Brazilian fuel market and ethanol supply falling short, Brazil is now likely to end up as a net importer of ethanol as U.S. corn ethanol has been imported to help alleviate supply problems,” it said.
Crop Correlation
Brazil, the world’s largest sugar producer, makes ethanol from cane, while U.S. companies use corn. Increasing imports of U.S. ethanol to Brazil will help boost the correlation between the crops, Czarnikow said. The U.S. is the world’s largest producer of corn and ethanol.
Ethanol demand has more than tripled since 2004 to about 100 billion liters, equivalent to global sugar consumption of 153 million tons or more than 100 million tons of corn, which is bigger than the volume of the global trade of the grain.
“As the markets for ethanol and sweeteners become more efficient and potentially less constrained by policy, the opportunity for arbitrage between corn and sugar will increase,” Czarnikow said. “We expect to see greater interaction between prices.”
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- A Loucura (e O Embuste) Do Etanol (pelo Menos Nos Eua) - Burton A. Abrams
The Folly of Ethanol In an effort to conserve resources, federal and state policymakers have discarded one of the most important resources of all: common sense. Take the government push for ethanol. Mandating that gasoline suppliers blend their products...
- Petrobras Decadente: Deu No New York Times
Petrobras, Once Symbol of Brazil’s Oil Hopes, Strives to Regain Lost Swagger By SIMON ROMERO The New York Times, March 26, 2013 RIO DE JANEIRO — Brazil’s oil production is falling, casting doubt on what was supposed to be an oil bonanza. Imports...
- Latin America And A Food Price Shock - Imf Blog
Latin America and the Caribbean: Dealing with Another Food Price ShockIMF blog, October 25, 2012 by iMFdirectBy Luis Cubeddu and Sebastián SosaWorld food prices are on the rise again owing mainly to global weather-related...
- Desgraca De Uns...: Seca Nos Eua - Financial Times
Financial Times, August 10, 2012 8:35 pmUS drought threatens food price surgeBy Gregory Meyer in New York and Jack Farchy and Javier Blas in LondonCracking up: drought has robbed farmers of critical water sources, such as this pond in Illinois that...
- Drogados Em Acucar: Sim, Existe, Nos Eua
Um editorial do Washington Post, deste domingo, preconizando o fim dos subsídios absurdos pagos aos produtores americanos de açúcar, e o fim do protecionismo também, duas coisas que eu tenho absoluta certeza de que NÃO ocorrerão... Paulo Roberto...