因市场猜测糖厂将转向更多甘蔗用于乙醇生产 纽约原糖价格止跌

Core Viewpoint - New York raw sugar prices have stopped declining due to market speculation that sugar mills will shift to using more sugarcane for ethanol production rather than for sweeteners [1] Group 1: Market Trends - The most active futures contract rose by 1.3% before narrowing its gains [1] - Prices have been on a downward trend in recent weeks, closing at a four-year low last Friday, primarily influenced by expectations of ample supply from major sugar-producing countries [1] Group 2: Supply Concerns - There are growing concerns that Brazil, the world's largest sugar exporter, may see its production affected by weak prices [1] - While most market estimates suggest Brazil will maximize its sugar production this year, sugar mills located far from port areas face risks due to higher transportation costs [1] Group 3: Production Shifts - These sugar mills may find producing biofuels more profitable, as biofuels are typically used for the domestic market [1]