Brazil Sugar, Ethanol to Need $36 Billion, Rabobank’s Duff Says
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Brazil’s sugar and ethanol industries will need $36 billion in investment by 2020, said Andy Duff, a food and agribusiness researcher at Rabobank.
The sugar industry in the world’s largest producer requires higher spending after prices for the sweetener gained this year, Duff said today at the International Sugar Organization conference in London. Raw sugar on Nov. 11 reached 33.39 cents a pound, the highest level since January 1981, in New York.