Debt Could Make Brazil Less Sweet

Sugarcane in Brazil is used for everything from ethanol alcohol to table sugar. However, a US fund believes that many sugar cane mills will be closing due to stifling debt, a problem suffered by many industries across the country.

The lack of credit, no new investments and the end of the government's subsidized energy policies were the impetus for the decline of the market. However, a strong dollar and potential for demand of sugar and ethanol could be attractive for foreign investors.

Read more from Reuters Brazil Sugar Restructuring