Brazil’s Premium on Ethanol Will Have India Become the World’s Largest Sugar Producer
(MercoPress) Brazil will likely step down to become the world’s second-largest sugar producer on low global sugar prices and higher profitability and strong demand for ethanol, according to a report by Brazilian consulting company JOB Economia e Planejamento.
Market incentives for stronger ethanol production in Brazil, combined with expectations of an even larger bumper crop in India in the coming crop season, will likely make India the world’s largest sugar producer, according to the report. READ MORE