The content has been shared, if you want to share this content with other users click here.
Ethanol production is expected to rise 60% in Brazil by 2020. According to service provider NexSteppe, production will expand from 30bn to 50bn liter per harvest.
This growth will come through the implementation of the national biofuel policy, known as RenovaBio.
NexSteppe, which develops seeds for bioproducts industries, urges sugarcane producers to prepare this year to meet the rising demand.
"We believe the sector can start looking at this scenario with optimism because there are several signs pointing this way," Henrique Falqueiro, NexSteppe's operations director remarked.
Another reason for the ethanol boost is the resurgence of vehicle production and sales, growing 14.3% last year, the company highlighted.