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  • In Brazil, road fuel sales in April were 30% below the normal level. 
  • This is because the coronavirus has caused travel restrictions and subsequently reduced fuel demand. 
  • Hydrous ethanol currently pays cane mills in Centre-South Brazil less than 9c/lb. 
  • Mills in this region will, therefore, maximise sugar production this year. 
  • This will leave the world with a lot of Brazilian raw sugar.
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Will Langston

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