Brazil to Remain Major Global Sugar Supplier in 2021

Brazilian producers shifted to higher sucrose levels in sugar production due to the higher profitability that sugar in the export market paid over ethanol in the domestic market.

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& . . .

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