Report: Brazil's growing demand for ethanol to cut global sugar stocks

06/19/2013 | Bloomberg

The world's sugar surplus in the marketing year starting Oct. 1 could dip to its lowest level in four years, thanks to increasing demand for ethanol in Brazil, researcher Datagro said. The global surplus may drop to 430,000 metric tons, down from a previous projection of 6.18 million metric tons, said Datagro President Plinio Nastari. "Sugar prices simply don't pay the bills of mills, and ethanol is on the verge of becoming extremely attractive to consumers," Nastari said.

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