After two years of low prices, Brazil’s ethanol and sugar sector is slowly starting to see improving fundamentals thanks to the global sugar outlook, as we forecast in our April report. Following two years of overproduction, India is finally on track to slash its sugar output, leaving room for top exporter Brazil to regain ground in key markets in Asia and the Middle East in its upcoming 2009-10 season (May-April).
The recent US-led financial meltdown has greatly aggravated...
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