Brazil mills cancel sugar export contracts, shift output to ethanol

Capt. John

Brazilian sugar cane mills are cancelling some sugar export contracts and diverting production to ethanol to cash in on high energy prices, according to people with direct knowledge of the deals, raising concerns of a sugar shortage. Nearly every company involved in sugar trading in Brazil has seen cancellations, a trader at a large international …

The post Brazil mills cancel sugar export contracts, shift output to ethanol first appeared on Hellenic Shipping News Worldwide.

Author: Capt....

https://www.hellenicshippingnews.com/brazil-mills-cancel-sugar-export-contracts-shift-output-to-ethanol/

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