date:Feb 13, 2019
a forecast fall in Indias production to 29.50 million tonnes in 2019/20 from 32.00 million in 2018/19, according to the poll.
Respondents said potential exports from India, where stocks have been climbing, may limit the scope for a rise in prices while the relative profitability of sugar and ethanol production in Brazil would also have a major influence on prices.
Depressed sugar prices have led Brazilian companies to increase their capacity to produce ethanol, with many mills able to switch b