SAO PAULO, June 24 (Reuters) - Surging demand for sugar and ethanol should push sugar futures up by about a third in the next two years to 17 cents per lb, top Brazilian producer Cosan said on Tuesday. The benchmark October raw sugar contract at the ICE fell 0.16 cent on Tuesday to end at 12.71 cents per lb. Cosan said current prices were too low to drive up output enough to meet rising world demand for sugar and ethanol. Brazil is the world's largest sugar producer but the industry's ...
Premium Content (PAID Subscription Required)
"Brazil's Cosan sees sugar jumping 34 pct in 2 yrs" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.