Bunge's Brazilian mills steer more cane to ethanol production

04/26/2013 | Bloomberg

Bunge's sugarcane mills in Brazil are "maximizing" ethanol production to take advantage of rising prices of the biofuel, the New York-based company said. On average, Bunge's eight mills in Brazil are steering nearly 65% of their sugarcane to ethanol production, said Chairman and CEO Alberto Weisser. In February, the ratio was 59% for ethanol and 41% for sugar production.

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