date:Mar 26, 2019
red ethanol production to escape low global sugar prices.
Despite the forecast increase in sugar production, the expected output is still way below the record seen in 2017/18 of 36 million tonnes. Mills are expected to heavily favor ethanol production, taking advantage of strong demand for the biofuel in Brazil and much better returns when compared to raw sugar.
Ethanol is still more advantageous, but that price difference should be smaller during the new crop than in the previous season, said