Bloomberg News

Ethanol Prices in Brazil May Still Fall This Year, Lobao Says

January 12, 2012

Jan. 12 (Bloomberg) -- Ethanol prices in Brazil’s domestic market may still fall this year and will certainly drop in 2013, Energy and Mines Minister Edison Lobao told reporters today in Brasilia.

Lobao also said President Dilma Rousseff intends to send to Congress next month a new mining regulation proposal. The minister said Vale SA yesterday’s announcement of force majeure on iron ore shipments isn’t “a concern” as the company can quickly recover any losses.

To contact the reporter on this story: Mario Sergio Lima in Brasilia at mlima11@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net


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