Sao Paulo/ New York: Acting on the market forces and realizing the drop in the demand of ethanol, sugar mills from center-south region of Brazil have allocated more cane for sugar production. According to the industry group Unica, sugar output in Brazil from April has increased by 57 per cent to 10.57 million tonnes as compared with a similar period during last year.
Along with this, ethanol sale is also improving. As per Unica, the country witnessed a drop of only 10% in the ethanol sale this month compared with the ethanol sale during the same period last year. The ethanol sale was dropped to 50 per cent during the initial phase of lockdown imposed due to coronavirus.
After coronavirus impacted the ethanol industry, sugar mills are diverting more cane towards sugar production. Due to which, sugar output increased massively in the country. Brazil comes second on a global tally of coronavirus cases after the United States.
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