date:Dec 05, 2018
nd crude oil has dragged down the price at which sugar is on a par with ethanol to just above 13 cents/lb, analysts estimate. But thats still above sugar prices now of about 12.4 cents.
Prices are still sending to producers the signal to maintain a strong ethanol focus next year, said Datagros Nastari said.
LOWER CARBON FOOTPRINT
However, dwindling sugar stocks in Brazil have supported domestic prices, which could spur a short-term increase in production.
It is also unclear whether Brazils in