Unica states that the main reason for this decrease is the market's volatility. Unica also expressed its concern about the U.S.'s and the EU's plans to tax ethanol imports. According to them, Brazilian ethanol is cleaner and cheaper than corn or beetroot's ethanol.
Despite these negative figures, the Brazilian ethanol industry is at its peak for its internal demand. 4.4 out of 20 million vehicles in Brazil are flex-fuel. Brazil's sugarcane production is mostly targeted for ethanol production - about 55.28 percent of it.[Source: Econoticias]