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February 09, 2006
Ethanol fuel substitute driving sugar prices higher
Ethanol, which can mixed with regular gasoline to power automobiles, is increasingly becoming popular as an alternative energy source as fuel prices go sky high. Sugar and corn are popular ingredients to produce ethanol today and its demand is increasing the prices of sugar.
A Wall Street Journal report states that the world's largest sugar exporter Brazil is shifting at much as 52% of its sugar-cane production to create ethanol for use as fuel.
Posted by admin at February 9, 2006 12:30 PM