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MercoPress, en Español

Montevideo, April 26th 2024 - 07:16 UTC

Tag: global sugar prices

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

    Brazil increasing ethanol capacity because of depressed global sugar prices

    A shift to ethanol in the 2018-19 season slashed Brazil’s sugar output by 9 million tons to a 12-year low

    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.