According to the INTL FCStone, broker and consultancy firm, with the improved sugar prices in New York, sugar mills in Brazil may allocate more sugarcane for sugar production. The season is likely to start in April.
In the last two seasons, the falling prices of sugar in the international market has helped Brazil to emphasise more on ethanol production. The excess production of sugar kept the prices low, and the mills turned back to their favourite ethanol production as the gasoline prices have increased.
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