date:Dec 05, 2018
ugar producer.
Ethanols appeal over sugar is influenced by several factors including gasoline prices and the Brazilian currency, so its still uncertain how much cane will go to ethanol in 2019-20.
With no RenovaBio in place yet, Id say were looking at the same old situation, said Eder Vieito, senior commodity analyst at Green Pool. If the world needs sugar, sugar prices will move to a price level that ethanol cant match without losing significant demand to gasoline.
A weakening in the real a