Increased demand for ethanol in the U.S. and Brazil along with the rising costs of gasoline has forced Brazilian sugar farmers to increase supplies of sugar for use in biofuels. Demand for ethanol in Brazil, for instance, is expected to double over the next 6 years which should be met by the Brazilian sugar industry despite a few doubts. Still, that has not stopped plans for land to be purchased in Nigeria for sugar and yucca farming.
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Image- alibaba.com (Brazilian sugar cane field) Links- Miami Herald, Bloomberg, The Tide News (Nigeria), YouTube
Tags- agriculture, international economy, Brazil, ethanol
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