Consider the following statements:
Statement I: Of the two major ethanol producers in the world, i.e., Brazil and the United States of America, the former produces more ethanol than the latter.
Statement II: Unlike in the United States of America where corn is the principal feedstock for ethanol production, sugarcane is the principal feedstock for ethanol production in Brazil.
Which one of the following is correct in respect of the above statements?

Correct Option: Statement I is not correct but Statement II is correct

Statement I is not correct: The United States is actually the world's largest ethanol producer, followed closely by Brazil, meaning the US produces more ethanol than Brazil, contrary to the claim in Statement I. Statement II is correct: In the United States, corn is overwhelmingly the principal feedstock for ethanol production due to heavy agricultural yields, whereas in Brazil, sugarcane is the primary feedstock utilized for large-scale ethanol fuel production due to climatic advantages. Therefore, Statement I is incorrect while Statement II is correct.