New Delhi, Oct. 14 -- Brazilian Ambassador Kenneth Felix Haczynski da Nobrega on Tuesday welcomed the idea of ethanol exports from India, saying it would be great news if India has surplus to export.

"If there is surplus to export ethanol, it's a good idea. I think that more countries exporting ethanol can make ethanol an important commodity throughout the world. And we want to promote ethanol as a world commodity. So for Brazil, it's great news if this will happen," he said while answering a question to ANI on possibilities of the ethanol exports from India.

He emphasised the need to promote ethanol as a global commodity, with more countries contributing to its trade.

A word commodity refers to a raw material that is traded on a globa...