Sugar Stocks At Brazilian Ports ‘Near Zero’

Sugar stocks at the main exporting ports in Brazil, the world’s largest producer and exporter of the sweetener, are “near zero” due to truckers’ protests in the country, industry group Unica said on Thursday.

In a statement, Unica said that if protests do not end, sugar and ethanol shipments will be suspended soon. The group said there are widespread impacts to the sector, citing reduced ethanol sales by mills due to lack of transportation to fuel distributors and slowing cane harvest amid reduced diesel supplies for machines.

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