Brazil’s Farmers Dump Sugar for Soy as Trade War Boosts Chinese Demand
date:Aug 15, 2018
Last year, Brazilian farmer Gustavo Lopes sized up his sugarcane plantation against his soybean fields.

He looked at global trends, including rising U.S.-China trade tensions and a stubborn sugar-market glut. Then he tore up the last of his cane fields and ditched a decades-old supply contract with a local sugar mill.

Lopes planted soybeans across his 1,600-hectare (4,000-acre) farm in Sao Paulo state a bet that paid off earlier this month when Chinese buyers loaded up on South American soy
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