SAO PAULO, July 18 (Reuters) - Brazil's President Dilma Rousseff has decided to reduce the amount of ethanol blended with domestic gasoline as part of her broader battle to subdue inflation, a government official told Reuters on Monday.
Rising prices for sugar -- and therefore sugarcane-derived ethanol -- have been one of the leading factors pushing inflation above Brazil's official target range.
EU GETS TOUGH ON DIRTY BIOFUEL, PLEDGES MORE ACTION
BRUSSELS, July 19 (Reuters) - Europe's energy chief announced seven green certification schemes for biofuels on Tuesday and promised in future to tackle the unwanted side-effects of turning food into fuel.
Guenther Oettinger said biofuels' indirect impacts were dangerous for the planet's carbon balance and food supply.
ETHANOL TO EDGE PIGS FOR CORN USE, BUT NOT QUITE YET
WASHINGTON/CHICAGO, July 18 (Reuters) - Ethanol appears almost certain to win the food-versus-fuel contest in the United States. But not just yet.
The Agriculture Department forecast that a tad more corn will be used to make ethanol than to feed livestock this year may be a false milestone: ethanol makers say they won't use that much corn while producing a record amount of the biofuel, hewing to a more efficient conversion rate.
BRAZIL SET TO IMPOSE NEW ETHANOL RULES IN 2 WEEKS
RIO DE JANEIRO, July 15 (Reuters) - New rules requiring Brazil's sugarcane ethanol mills to commit to long-term supply contracts with distributors to guarantee supply should take effect in two weeks' time, Haroldo Lima, head of the Gas and Petroleum Agency overseeing the sector said on Friday.
The new rules will also require mills producing anhydrous ethanol to hold stocks by March 1 each year equivalent to 8 percent of the total amount of the biofuel they produced from April of the previous year and February of the current year.
U.S. ETHANOL MOVE COULD AID BRAZIL BUSINESS -ITAU
SAO PAULO, July 14 (Reuters) - Plans to end the U.S. ethanol import tariff could benefit Brazil's ethanol industry by preventing steep falls in ethanol prices at the height of the Brazilian cane harvest, Itau BBA said on Thursday.
"The elimination of the U.S. tariff on imported ethanol might translate into better ethanol economics in Brazil," it said in a Brazil agribusiness report.
FIRST LUFTHANSA COMMERCIAL BIOFUEL FLIGHT TAKES OFF
FRANKFURT, July 15 (Reuters) - Lufthansa became the first airline to use biofuels on regular commercial flights on Friday in a six month trial that it estimates will reduce CO2 emissions by up to 1,500 tonnes during the period.
European airlines are pressing ahead with biofuel plans in order to cut use of regular jet fuel. A pact signed last month with biofuel producers and the EU Commission aims to produce 2 million tonnes of biofuel for aviation by 2020.
US ETHANOL PRODUCTION FALLS 3.5 PCT, STOCKS CLIMB
CHICAGO, July 13 (Reuters) - U.S. ethanol production fell 3.5 percent to the lowest level in nine weeks while stocks climbed in the latest reporting week, despite profitable margins at many biofuel refineries.
Ethanol output totaled 872,000 barrels per day (bpd) for the week ended July 8, down 32,000 bpd from the previous week but 6 percent higher than the same week a year ago, according to the Energy Information Administration's weekly petroleum report released on Wednesday.
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