date:Oct 31, 2018
s earmarking around 67 percent of cane to ethanol production and only 33 percent to sugar in the current season.
The worst is in the past, the outlook is constructive, said Mariangela Grola, market intelligence manager at Razen, the worlds largest sugar producer.
She expects sugar prices could go up to 16 cents per pound if global supplies shrink due to production difficulties in some producing countries and buyers turn strongly again to Brazil, where they will have to compete with ethanol.
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