Brazilian officials are now reportedly considering a reduction in the mandatory amount of ethanol mixed into gasoline. Brazil's agriculture minister, Wagner Rossi, has proposed slashing the ethanol content in gas from the current level of 25 percent down to 18 percent. This, according to Rossi, would ease the strain on sugar cane growers and limit Brazil's need for imported ethanol. A final decision on the move to E18 should come within the next couple of weeks.
[Source: Bloomberg | Image: cliff1006 – C.C. License 2.0]