BRAZIL’S SUGAR WILL HELP TO PREVENT GLOBAL SHORTAGE

Brazil is expected to have a record-breaking sugar crop, which will greatly benefit the global market. The world’s largest exporter is prioritizing sugar production over ethanol, and this increase in exports is likely to ease supply concerns in key importing regions such as Asia and the Middle East. However, this also means that the market’s dependence on Brazil will grow.
Source: Bloomberg/Udop (*Translated by Ia Niani)