Brazil is cutting sugar output by 5 mln tonnes
Brazil’s Copersucar, the world’s largest sugar merchant, expects sugar output to fall by 5 million tonnes in the new center-south cane crop that starts in April, as mills earmark more cane to ethanol production instead.
It is reported by Reuters.
Copersucar, who partners with Cargill Inc in the world’s largest sugar trader Alvean, said mills in center-south should allocate only 41,5 percent of cane to sugar...