DUBAI (Reuters) – Louis Dreyfus said on Monday it expects an acceleration in switching between sugar and ethanol production in Brazil with shifts becoming more “dramatic”.

“Usually you have to see sugar playing a premium over ethanol or the opposite for a period of time before you start seeing the switch,” Enrico Biancher, head of sugar trading worldwide, told an industry conference in Dubai.

“But recently the industry is learning to become more pragmatic and more economics driven…the switch will happen faster than we’ve seen in the past, it will be quite dramatic.”

Reporting by Maha El Dahan and Dahlia Nehme; editing by Jason Neely


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