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On October 24, the Brazilian Mercantile & Futures Exchange organized a lunchtime speaker event as part of the Sugar Dinner Brazil activities. The event gathered together sugar-ethanol producers, buyers, sugar mill owners, bankers, brokerages house executives, among others, and addressed some key issues related to the sugar-ethanol industry.
The luncheon was also attended by the United States ambassador to Brazil, Mr Clifford Sobel, who talked about the importance of the democratization of the world’s energy market, its advances and production targets.
Mr Marcos Sawaya Jank, president of the São Paulo Sugarcane Agroindustry Union (UNICA), gave a speech which highlighted the world’s current production of renewable fuels led by Brazil and the USA with both countries accounting for 73% of the global ethanol production. He also emphasized the need for ethanol standardization, a fundamental aspect for ethanol to become a globally traded commodity.
Mr Ivan Wedekin, director of BM&F’s Agribusiness and Energy Products Officer, lectured on the ethanol futures contract traded by BM&F and highlighted its main characteristics.
- Click here for the presentation Ethanol Global Market Overview - Marcos S. Jank (Portuguese only)
- Click here for the presentation Ethanol Forward Contracts - Ivan Wedekin
