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Brazil’s Farmers Dump Sugar for Soy as Trade War Boosts Chinese Demand
date:Aug 15, 2018
de Morais Ribeiro Neto gave up planting cane last year after the closure of the sugar mill that he supplied, called Usina Maracaju. Biosev SA (BSEV3.SA), the Brazilian sugar arm of global commodities trader Louis Dreyfus Co, shut it down in a cost-cutting move.

So Riberio replaced 400 hectares of cane with soybeans, adding to the 2,000 hectares of soy he already had planted. As he watched the U.S.-China trade war escalate, he bought two new grain silos, more soybean-planting machinery and a new

12/25 16:03