One Quarter of Brazil’s Sugarcane Processing Plants Could Shut Down

The sugarcane sector is impacted by falling demand and lower ethanol prices; 104 plants are under judicial reorganization.

RIO DE JANEIRO, BRAZIL - A quarter of the sugar and alcohol plants in operation in the country risk closing their doors by the end of the year because of the coronavirus crisis, according to experts. With no working capital to pay short-term bills, a portion of these companies has been hit by a sharp drop in demand for fuel.

The case has been further aggravated by the collapse in the price of oil - the price of . . .

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