Increase in Ethanol imports ( if any ) less likely
Brazil, as of May 1st, will increase ethanolmix from20 to 25% AND is also now considering lowering a tax on the fuel. This will make it even more lively the FLEX cars will take more ethanol.
"... Itau BBA said domestic demand growth for ethanol would match
the additional supply this season, which is expected to rise by
4.6 billion liters from a year ago, and make growth in exports
of the biofuel difficult. "