You are here: Home » Reuters » News
Business Standard

Insight: Betting on ethanol, Brazilian mills turn sour on sugar

Reuters  |  LONDON/SAO PAULO 

By Ana Ionova and Marcelo TeixeiraLONDON/SAO PAULO (Reuters) - Brazilian sugar companies are increasing their capacity to produce ethanol in the face of depressed global sugar prices and government policies expected to boost demand for the biofuel.A shift to ethanol in the 2018-19 season slashed Brazil's sugar output by 9 million tonnes to a 12-year low and more switching to the biofuel next season could help to wipe out a global surplus weighing on sugar prices.Brazil could also lose its crown as the world's biggest sugar producer to India for the first time in 16 years, according to the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, December 03 2018. 13:45 IST
RECOMMENDED FOR YOU