Commodities trading firm Louis Dreyfus expects faster switching between sugar and ethanol production in Brazil, with more flexible mills leading to “dramatic” price-driven shifts. “Usually you have to see sugar playing a premium over ethanol or the opposite for a period of time before you start seeing the switch, ” Enrico Biancheri, head of sugar… Read More »
Raw sugar futures on ICE rose on Tuesday to their highest level in a week, supported by gains in crude oil, while March white sugar set a four-month low ahead of the contract’s expiry.
A total of 563,000 mt of sugarcane was crushed in Center-South Brazil during the second half of January, up from 524,000 mt crushed in H1, Brazilian sugar industry association UNICA said Tuesday. The H2 January total was up from 421,000 mt during the year-ago period. Despite the increases, the total crush since April 1 was… Read More »
Brazilian sugar and ethanol company Sao Martinho SA cut on Tuesday its estimate for cane crush growth in the new season that starts in April to 5 percent from 10 percent expected in December due to below-average rains in the center-south region.
A trial site for diesel and jet fuel production derived from agricultural and forestry refuse has been given the go ahead. Located in Gladstone, the pilot biorefinery is a project from Mercurius, an American company that converts biomass like sugar cane waste into renewable fuels. Construction of the plant in Yarwun is scheduled to be… Read More »