AFP - Hobbled by rising production costs and low prices, Brazil's ethanol sector is in crisis, with many sugar mills closing despite rising demand. The South American country is the world's leading sugar producer with an ever-growing share going toward biofuel production. But despite an expected bumper crop for 2013-14 and growing domestic consumption, its mills are drowning in debt. In the country's central southern region -- the main sugar production area -- 40 mills have shut down over the past three years and 60 others are expected to follow suit in the next 24...
↧