Market doubts Brazil can sacrifice sugar for ethanol

Posted by Reuters: Inae Riveras on April 13th, 2011
Reuters: Local cane mills, world sugar markets and analysts were unmoved by the Brazilian government's threats to boost ethanol output by any means, saying ideas of a sugar export tax or credit limits would be hard to implement or ineffectual. Brazilian ministers last week began floating early proposals for an industrial policy shift aimed at stimulating local ethanol supplies to bring down local fuel prices. Such measures, if successful, would likely redirect cane away from sugar production in a country......

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