Brazil Sugar Mills Shutting for Season, Earliest in 12 Years
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Sugar mills in Brazil’s Sao Paulo state, which accounts for more than half the nation’s cane output, started shutting for the season in late September, the earliest in 12 years, because of a smaller crop.
Mills began shutting down about 30 to 40 days earlier than expected when the harvest started in April as domestic output this year falls for the first time in six years, Celso Junqueira Franco, president of the Union of Biofuel Producers, known as Udop, said today in a telephone interview from Ribeirao Preto, Brazil.