date:Dec 05, 2018
Brazilian sugar companies are increasing their capacity to produce ethanol in the face of depressed global sugar prices and government policies expected to boost demand for the biofuel.
A shift to ethanol in the 2018-19 season slashed Brazils sugar output by 9 million tonnes to a 12-year low and more switching to the biofuel next season could help to wipe out a global surplus weighing on sugar prices.
Brazil could also lose its crown as the worlds biggest sugar producer to India for the first