Highlights of Brazil Biofuel Survey by the Institute of Applied Economic Research
May 28, 2010http://www.thebioenergysite.com/news/6257/biofuels-not-harmful-to-food
http://www.ipea.gov.br/default.jsp
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The bioenergy website reports some highlights of the Brazil Biofuels survey made by the Institute of Applied Economic Research (IPEA). The highlights include the following: (1) under an international scenario that the ethanol market will reach 200 billion liters in the next ten years, Brazil exported 4.7 billion liters of ethanol in the last crop year, out of its total production of 25 billion liters, (2) important initiatives must be strengthened as counter measures against protectionist actions based on socio-environmental sustainability; these include, National Commitment for Improving Working Conditions in the Sugarcane Industry, and "the Agro-Ecological Zoning of Sugarcane, which forbids expansion and the setting up of new plants in the Amazon, the Pantanal lowlands and the Alto Paraguai Basin", (3) price stability is one of the main challenges facing the ethanol market, (4) measures to prevent price oscillations include: exemption from tax on ethanol imports, consolidation of a futures market and formation of large stock at the start of the year, (5) the country will not lose its potential as a food producer as a consequence of the expansion of sugarcane crops for biofuel production..
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