World sugar prices headed higher on Monday on fears the U.S.-Israel war against Iran, which is disrupting global energy supplies, will prompt Brazilian cane mills to produce more ethanol and less sugar.Ethanol is a cane-based biofuel. If mills in top sugar grower Brazil use more cane to produce the fuel, they will have less of the raw material to produce sugar, a food staple and cheap source of calories for developing countries…
Last weekend, the container ship Eco Levant, operated by X-Press Feeders, was bunkered with ethanol in the port of Rotterdam. It is one of the first times worldwide, and the first time in Rotterdam, that a bunker vessel supplied ethanol to a sea-going vessel…
