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1) The managing director of an Indian sugar company with mills in Brazil says that currently mills are making more money from sugar than ethanol, so there will not be significant diversion of cane to ethanol unless sugar prices fall below 25 cents per pound. 2) Currently, the economics favor sugar production over ethanol, as sugar prices are high independent of oil prices. However, sustained $100 per barrel oil would help set a floor price of around 25 cents per pound for sugar. 3) Sugar production in Braz

Author

captrohitb

Language

EN