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Sugar Recovers but Will Ethanol?

By Jaylan Boyle, Contributing Reporter

RIO DE JANEIRO - The Brazilian sugar-ethanol industry, which heavily indebted itself in order to expand just before the financial crisis and subsequently suffered badly, is guardedly optimistic that the worst is over.

In Brazil, the world's largest producer and exporter of sugar, many mills during the crisis were forced to cease operating. This however is precisely the reason that the industry is now recovering: When Brazil, along with other major sugar nations, scaled back it's production, the world experienced a supply deficit that has driven prices up and is helping the sector . . .

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