RIO DE JANEIRO (Dow Jones)--Brazil's sugar cane harvest has started and prices of ethanol have started to decline, easing pressure on fuel prices in Latin America's largest economy, Finance Minister Guido Mantega said Tuesday.

"Fuel prices should fall, starting in May," Mantega said during testimony before the Senate's Economic Affairs Committee. The price declines should continue to build through June and July as ethanol supply outpaces demand, Mantega added.

A shortage of the sugar cane-based ...

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