Brazil, the world’s largest producer, is diverting more sugarcane towards ethanol as its more profitable. El Niño effect pressures global supply further.
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Brazil, the world’s largest producer, is diverting more sugarcane towards ethanol as its more profitable. El Niño effect pressures global supply further.
My favorite part of economics is how a price signal from a customer gets sent backwards through the supply chain all the way to the producer of raw materials.