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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (54572)	10/21/2004 6:54:19 AM
From: elmatador	Respond to of 74559

Jan-Sep ethanol exports surpass 2002, 2003 combined São Paulo, 08 - Brazil´s January to September ethanol exports totaled a record $379 million, up 16% on the $327 million of 2003 and 2002 combined, the country´s Agriculture Ministry announced Friday evening. In terms of volume shipped Jan-Sep the figure was 1.5 million tonnes, which was also higher than the combined figure of 1.21 million tonnes of 2002 and 2003. Compared with 2003 alone there was a 300% increase Jan-Sep 2004, which has resulted in caution on the world sugar/ethanol market. Brazilian ethanol exports is one of the issues that was most discussed at the Sugar Dinner in London. The market fears that the local sugar/ethanol sector will end up producing more fuel alcohol to meet the demands of exports and the domestic market and cut sugar production. This reduction would take place in a year in which a world sugar deficit is expected, which could take global prices of the commodity into two digits. EP: Perhaps we shouod look to sugar as a reaction to ethanol in case oil keeps up!