date:Nov 01, 2018
ion this year and next are seen helping to swing global sugar supply from a surplus to a deficit, favoring a recovery in benchmark raw sugar prices in New York.
Despite the late spike in sugar prices, ethanol continues to give better returns to mills in Brazil, so we expect them to continue to give preference to the fuel next season, Datagros chief analyst Plinio Nastari told reporters at the consultancys annual international conference in Sao Paulo.
Datagro sees mills allocating only 35.5 per