date:Sep 14, 2015
aying that we are not yet convinced that sugar has turned the corner.
We are not yet hearing anything on actual increase in demand, ie increased offtake, to reduce available stocks, which are currently estimated at around 47.9% of consumption, Mr Penney said.
He also underlined doubts over whether Brazil will increase its so-called CIDE tax which, in increasing prices of conventional fuel, would be seen as a positive to ethanol prices.
With major opposition within Congress to tax increases, t