"U.S. Ethanol Exports To Surpass Brazil This Year"

"Lax trade restrictions and high sugar prices should allow the United States to overtake Brazil in ethanol exports during the second half of 2011, the U.S. Energy Information Administration said on Wednesday.

During the first five months of 2011 U.S. ethanol exports more than doubled from the same period last year, the EIA said.

'For the remainder of 2011, it is likely that the United States will surpass Brazil as the world's largest ethanol exporter due to recent supply shortages and resulting high sugar prices in Brazil,' the EIA said in its weekly petroleum report."

Ayesha Rascoe reports for Reuters August 26, 2011.

Friday, August 26, 2011