bullish
Between Chilean Copper Woes & Brazilian Sugar Rush
SUMMARY
- As the new season commences in April, Brazil is predicted to manufacture 40.3 million tonnes of sugar, marking the second highest yield ever recorded.
- This is primarily due to the favorable climate conditions and the sufficient capitalization of mills, allowing for the proper care of crops.
- As per a report by Job Economia, mills are likely to concentrate on sugar production, reducing ethanol production, since the cost of sugar futures is at its highest in over six years.
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