CS Brazil – Sugar or Ethanol? 21st October 2020

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• The EU’s FuelEU regulation for shipping equates biofuels to fossil fuels.
• The bloc argues that this will prevent emissions from land use change and biodiversity loss.
• But ethanol producers on both sides of the Atlantic are taking legal action.

• Reduced India urea tender purchase hits prices.
• Potash markets remain soft except in Brazil
• Ammonia market slow due to Ramadan festivities.

• Brazilian peanut production could jump if the crop is rotated with sugar cane.
• Around 1m hectares of sugarcane are reformed in Centre-South Brazil per year.
• São Paulo is responsible for 90% of Brazilian peanut production.