Brazilian sugar mills seen being more responsive to sugar and ethanol prices

February 19, 2019 |

In Brazil, Reuters reports that Louis Dreyfus believes flexible sugar mills that can easily switch between sugar and ethanol will likely make the shift faster this next season than in previous seasons, leading to “dramatic” shifts in production of either product as mills become more pragmatic in their decision making. Alvean believes that sugar prices are already at the tipping point where the heavy focus on ethanol production may start to shift, predicting a small surplus during 2019/20 while others are expecting a small defict.

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