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Brazil

Petrobras sells ethanol stake to sugar maker Tereos

Petrobras Biocombustível has announced an agreement to sell its shares in Guarani, a Brazilian sugar and ethanol producer, to Tereos Participations, an arm of French group Tereos, for $202 million (€192m). According to Petrobras Biocombustível, a wholly-owned subsidiary of Brazil-based oil company Petrobras, Guarani is the third largest sugar producer in Brazil. It operates eight…
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Brazil mid-Dec center-south sugar output 362,000 tonnes- Unica

 Brazil's main center-south cane belt produced 362,000 tonnes of sugar in the first half of December compared with 1.13 million tonnes in the previous two-week period, as most mills approach the end of the 2016/17 crushing season. According to a report by sugar industry group Unica, mills crushed 7.145 million tonnes of cane in the period versus 19.6 million tonnes in…
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Conab expects Brazilian ethanol demand to increase eventually but now is stagnant

In Brazil, the government’s agricultural statistics agency Conab says it expects ethanol’s prospects to improve going forward due to the potential for increasing fossil fuel prices. Demand remains stagnant for the moment in the domestic market, however, which combined with strong international prices for sugar and currency fluctuations that supports sugar exports has led to lower…
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