What's happening in the world next week

Brazil to promote ethanol in Bolsonaro's visit to India

Brazilian President Jair Bolsonaro will pay an official visit to India on Jan 25-27. Ethanol will be one of the main items on the agenda of this visit.

The 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 reduce the country's sugar stocks and boost global prices for the sweetener, said Evandro Gussi, head of sugar and ethanol industry group Unica.

Julio Maria Borges, a sugar and ethanol expert at Sao Paulo-based consultancy JOB, said adding flexibility to the sugar sector with the possibility to also produce ethanol could prevent production at a loss for some countries, including India.