At least 20 Brazilian mills seen mothballed despite higher gas prices

In Brazil, another 20 sugarcane mills are expected to shut down in the next few years, following in the footsteps of the more than 50 that have been shuttered since 2007, even though the government agreed to boost gasoline prices by 4%. The move to reduce subsidies on gasoline isn’t expected to be enough to boost demand for ethanol sufficiently to save the mills.