The Brazilian ethanol programme: impacts on world ethanol and sugar markets, by Tatsuji Koizumi. FAO Commodity and Trade Policy Research Working Paper No. 1.
The sugar market in Brazil has a strong relationship with the ethanol market. The Brazilian government has now abolished all the sugar market intervention measures except for the control on the ethanol-gasoline blend ratio.
In this study, implications of a change in blend ratio to the sugar markets, particularly in its production resource use is investigated by applying a newly developed Ethanol-sugar market projection model. The model simulation result shows a moderately sized impact on the world ethanol and sugar markets.
