RIO DE JANEIRO, BRAZIL - A high sugar price in Brazilian real equivalent and the fuel ethanol demand uncertainties in 2021 are expected to encourage producers to keep maximizing sugar production to supply a deficit global market.
Brazil proved to be a consistent sugar supplier in 2020, able to increase its production by more than 44.2% in a crop year. The country thus changed the global supply and demand picture from a possible deficit in the global 2019-20 crop year (October-September) into a small surplus of 121,000 metric tons raw value, or mtrv, according to S& . . .