Itaú BBA projects Brazil’s corn ethanol production to rise by 25% in the 2024/25 season, reaching 7.8 billion liters. For 2025/26, output is expected to grow by 11%, totaling 8.7 billion liters. Corn consumption for ethanol could hit 17.3 million tons in 2024, representing 21% of domestic usage. DDG production (a byproduct) will likely reach 5.2 million tons, with 14% of it being exported. Brazil has 21 ethanol plants using corn, mostly in Mato Grosso. Additionally, wheat-based biofuel production is expanding, with three plants under construction in Rio Grande do Sul.
Source: Nova Cana
ITAÚ PROJECTS 25% GROWTH IN CORN ETHANOL IN 2024/25, TO 7.8 BILLION LITERS
Published On - 12 de September de 2024