News International Sugar Journal

Brazil – High prices shifts interest on expanding sugar production than ethanol [Registered]

Brazil’s cane sector is directing capital investments into sugar production, ending the trend of favouring ethanol capacity expansion, according to Paulo Roberto de Souza, chief executive of the country’s biggest sugar and ethanol trader Copersucar. “Now you’ve got new mills in the pipeline that are principally directed at sugar production,” Mr de Souza said. “Soon sugar production capacity should reach 50% of the cane crop.” For more than a decade, cane based ethanol share had been over 50% compared with sugar. Mills currently direct about 55% of the 625 million tonne cane crop to ethanol, compared with about 45% of…

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