date:Dec 05, 2018
coming president, Jair Bolsonaro, will maintain the policy of aligning domestic fuel prices with global prices. While it has improved the competitiveness of ethanol by removing price caps on gasoline, higher prices at the pump have angered many Brazilians.
Sugar also holds an appeal for mills because producers can hedge returns with futures contracts a mechanism that doesnt yet exist for the domestic ethanol market, said John Stansfield, analyst and trader at Group Sopex.
Outside Brazil, the