Bloomberg News

Brazil May Cut Taxes to Stimulate Ethanol Output, O Globo Says

July 01, 2012

The Brazilian government may announce tax breaks and interest rate cuts by September to boost ethanol production, O Globo newspaper reported, citing a government official who wasn’t identified.

The goal is to increase ethanol supplies and lower its price, the Rio de Janeiro-based newspaper said.

To contact the reporter on this story: Maria Luiza Rabello in Brasilia at mrabello@bloomberg.net.

To contact the editor responsible for this story: Sylvia Wier in New York at swier@bloomberg.net.


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