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  • Sugar is paying more than ethanol for the first time since 2017.
  • Mills in CS Brazil are therefore better off making sugar rather than ethanol at today’s prices.
  • Although the crushing season doesn’t start up again until April, and lots can change by then, producers should start hedging sugar futures today.
  • With the No.11 rally still unrelenting, the sugar mix will should continue to heighten.
  • CS Brazil is now in a comfortable spot, able to export up to 10m tonnes of additional sugar onto the world market.

CS Sugar vs. Ethanol – Sugar Returns are Now Higher than Ethanol

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