Bunge Boosts Ethanol Ratio at Brazil Mills as Sugar Declines
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Bunge Ltd., which accounts for about 10 percent of global sugar trading, said its cane mills in Brazil are “maximizing” production of ethanol as the price of the gasoline additive rises.
Ethanol currently accounts for close to 65 percent of the mix at its eight mills on average, Alberto Weisser, chairman and chief executive officer of White Plains, New York-based Bunge, said today in a telephone interview. That’s an increase since February, when the ratio was 59 percent ethanol and 41 percent sugar.