Sunday, April 22, 2007

Latin America Divided Over Ethanol

Latin America Divided Over Ethanol

Venezuelan President Hugo Chávez calls the boom in ethanol the equivalent of starving the poor "to feed automobiles." It's not just Mr. Chávez who is questioning whether the benefits outweigh the unintended consequences. Now poultry industry executives, who have seen the price of feedstock go up; Mexican consumers, facing a 60 percent jump in the cost of tortillas; and even environmentalists, who look at the amount of fertilizer that will be needed to grow extra crops, are wondering aloud about the effects of ethanol...

Read the full article from here @ CBS News, 20 Apr 2007 post

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Thursday, March 29, 2007

Ethanol agreement could have unintended consequences

Ethanol agreement could have unintended consequences

By Lillian Rose

Recently in the Brazilian city of Sao Paolo, a new partnership was agreed upon by President George W. Bush of the United States and President Luiz Inacio Lula da Silva of Brazil. The partnership has special focus on cooperations in biofuels.

But like most trade agreements, there are certain dangers ahead. This alliance will have an environmental as well as a social impact. A Brazilian engineer, Expedito Parente, was quoted as saying in a Brazilian newspaper, “We have 80 million hectares in the Amazon that are going to be converted into the Saudi Arabia of biodiesel.”

Read the full news & analysis report from here @ The News & Tribune

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Monday, March 26, 2007

Brazil Soy Industry Prepares For Biodiesel War With Argentina

Brazil Soy Industry Prepares For Biodiesel War With Argentina

SAO PAULO and BUENOS AIRES (Dow Jones)--Brazil's major soyoil producers are preparing for a fight against Argentina over the biodiesel market, hoping Brasilia can convince Buenos Aires that Argentine tax policies are bad for Brazil's biodiesel program.

Brazil soy oil is the number one ingredient used in making biodiesel. Soy oil companies think Argentina's cheaper costs (Argentina has lots of tax incentives for biofuels) will cut them out of the market, especially the export markets.

Read the full report here @ Cattle Network

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