Brazilian president to promote ethanol during his visit to India next month

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Sao Paulo: Promotion of ethanol will be on the main agenda during Brazilian president Jair Bolsonaro’s visit to India in January next year.

“Brazilian government will discuss ways to assist India in boosting its ethanol program, such as increasing production and blending ethanol with gasoline, which could help to reduce the country’s sugar stocks and boost global prices for the sweetener,”, Unica’s head, Evandro Gussi was quoted as saying by news agency Reuters. Gussi will be in India during Bolsonaro’s visit.

At one side India and Brazil are mulling to enter in positive relations, whereas on the other hand, Brazil had dragged India to WTO over Indian sugar subsidies alleging that it is inconsistent with global trade rules and distorting the sugar market.

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