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Brazilian sugar mills and sugarcane suppliers in São Paulo state are expected to halt production due to protests by truckers against high fuel prices that have blocked major highways across the country
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export prices have pushed even higher this week as sellers have bet on a bonanza but Chinese crushers already face razor thin margins to turn beans into animal feed or cooking oil Meanwhile state owned COFCO and other big traders have built up big stocks of Brazilian beans in anticipation of a trade war leaving them little room to
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Consequently Brazil is the most important market for sugar prices in the physical market India is the second largest producer with around 27 million tons and the EU produces around 16 million tons Sugar in Brazil and India is produced from sugar cane while European sugar is produced from sugar beet Around 70 countries in the world
Brazil soybean crushers practically stopped production due to truckers protests 5/25/2024 SAO PAULO May 25 Reuters soybean crushers said on Friday that production of soymeal soy oil and biodiesel has practically ground to a halt due to truckers protests against high fuel prices trade group Abiove said
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