Unica says mills to spend $3.4 bln on cane renewal
Monday March 26 2012
Brazilian sugarcane companies will spend as much as BRL6 bln ($1=BRL1.82) this year to renew ageing plantations as the nation seeks to boost supply of ethanol, Bloomberg reported.
Cane companies may replant as many as 1.5 mln ha, or 15% of their fields, said Antonio de Padua Rodrigues, Technical Director for the sugarcane association Unica. Last year the nation renewed 1 mln ha.
© Informa UK Limited. All rights reserved. Copyright contained in any part of this article is owned or and/or controlled by Informa UK Limited No part of the article may be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photographic, recorded or otherwise without the prior written permission of Informa UK Limited though you may print or download the article (in whole or in part) for your personal and non-commercial use.
