Brazil's corn ethanol production is poised to nearly double to 16 billion liters by 2032, driven by rapid industry expansion and infrastructure development, according to a report from Citi Investment Bank. Citi projects that Brazil will produce 6.3 billion liters of corn ethanol in 2023-24, with output rising to 9.5 billion liters in the current crop season. The National Corn Ethanol Union expects production this season to exceed forecasts by 200 million liters, pushing total output to approximately 8.2 billion liters.
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