Brazil Sugar Mills Use Most of Record Cane Crop to Make Ethanol
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Sugar mills in Brazil’s Center South, which make about 40 percent of global exports, processed most of a record cane crop into ethanol after prices for the sweetener plunged.
Ethanol production consumed 54.6 percent of the sugar cane reaped this season through December, when most harvesting ends, up from 50.4 percent a year earlier, industry group Unica said today. Ethanol output jumped 19 percent to 25.4 billion liters (6.7 billion gallons), while sugar production rose 0.6 percent to 34.3 million metric tons.