Brazil to lend up to $22 billion to cane sector by 2014

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SAO PAULO | Mon Jun 6, 2011 10:46am EDT

SAO PAULO (Reuters) - Brazil's state development bank, BNDES, will provide 30-35 billion reais ($18.9 billion-$22.1 billion) in loans to the country's vast sugarcane sector which produces ethanol biofuel as well as sugar, the bank's president, Luciano Coutinho said on Monday.

(Reporting by Inae Riveras; Writing by Peter Murphy; Editing by Marguerita Choy)
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