Sugar is a staple and a critical ingredient in many foods. Brazil is the leading worldwide free-market sugar producer. Sugar is the primary biofuel ingredient in Brazil, as Brazil refines sugar into ethanol. Sugar #11 futures prices on ICE have been in a bullish trend since April 2020.Sugar is a staple and a critical ingredient in many foods. Brazil is the leading worldwide free-market sugar producer. Sugar is the primary biofuel ingredient in Brazil, as Brazil refines sugar into ethanol. Sugar #11 futures prices on ICE have been in a bullish trend since April 2020.
