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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (78493)8/25/2011 12:40:54 PM
From: elmatador  Read Replies (1) | Respond to of 220037
 
Yes, they consumed more than produced. No buffer stocks. Had to import from US corn based ethanol.
You wrote run out.

Sugar prices at record level they exported sugar instead of producing ethanol.

Can't blame them to sell higher priced sugar and import cheaper ethanol.

Now they woke up for the need for buffer stocks.

Brazil's energy regulator has proposed rules to ensure sufficient stocks of ethanol fuel, its first move in plans to increase regulation of the stagnant industry and prevent a repeat of recent supply shortages.
reuters.com



To: Cogito Ergo Sum who wrote (78493)8/25/2011 12:48:20 PM
From: elmatador  Respond to of 220037
 
My point is: market gyrating so fast that is making obsolete what we had in place a few years back. The EU spent four years shrinking the sugar beet industry after a World Trade Organization ruling that limited exports. Importers approved to ship to the EU were able to sell sugar for more elsewhere as global prices soared. That left food companies without enough supplies, Nestle says.

EU Sugar Harvest Expanding as Nestle Says Supply Running Short
businessweek.com

Brazil was trying to get US to open its market for ethanol just to see, itself in an importer position.