(Bloomberg) -- Sugar rose in New York to its
highest price since March on signs that processors in Brazil,
the world's largest grower, are churning out more ethanol and
less sweetener.
Mills in the center-south region, where 85 percent of
Brazil's sugar cane is grown, cut sweetener output by 8.7
percent from last year to 7.34 million metric tons, the Center
South Sugar and Ethanol Industry Association, known as Unica,
said yesterday in a statement. Ethanol output rose 11 percent to
5.56 billion liters (1.5 billion gallons), the group said.
Read more at Bloomberg Commodities News
highest price since March on signs that processors in Brazil,
the world's largest grower, are churning out more ethanol and
less sweetener.
Mills in the center-south region, where 85 percent of
Brazil's sugar cane is grown, cut sweetener output by 8.7
percent from last year to 7.34 million metric tons, the Center
South Sugar and Ethanol Industry Association, known as Unica,
said yesterday in a statement. Ethanol output rose 11 percent to
5.56 billion liters (1.5 billion gallons), the group said.
Read more at Bloomberg Commodities News
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