Tag: global sugar prices

• Tuesday, December 4th 2018 - 09:04 UTC

  Brazil increasing ethanol capacity because of depressed global sugar prices

  

  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 tons 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.