International Sugar Journal

Brazil’s sugar and ethanol in 2013 and beyond [Full subscriber]

Brazil is the undisputed price setter in the world sugar market with a 50% share in world exports. Between 2005 and 2009, over 100 new mills came onstream in Brazil, but since then the number of new mills has reduced to a trickle. Recently falling cane prices vis-à-vis cane production costs suggest that cane growers in traditional areas will remain under pressure given the currently bearish price outlook for sugar. The latest developments show that foreign direct investment, joint ventures and mergers and acquisitions have been a key driver of the industry restructuring, leading to further economies of scale. The…

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