Brazil energy prices to be 'core driver' of global sugar in 2019 — COFCO
Energy prices in Brazil should be the core driver of world sugar prices in 2019, COFCO head sugar trader Jose Eduardo Toledo said.
It is reported by Reuters.
Brazil has dedicated a growing share of its annual sugarcane production to ethanol this season as global sugar prices have stagnated.
For the country’s 2019/20 cane crop, COFCO sees the minimum sugar mix at 33,5 percent and the maximum sugar mix at 48,6 percent.