• The CS Brazilian industry has produced a record amount of ethanol for this stage in the season.
  • This massive amount comes at the expense of sugar production, which faces its lowest production since 2006.
  • The demand for hydrous ethanol remains strong, allowing prices to remain high incentivizing further production. However, if sugar prices next season incentivise it, up to 10m tonnes of production could switch back over to sugar.

Cumulative CS Brazil 19/20 Ethanol Production to 1H September

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