News International Sugar Journal

Brazil – 100 mills in Center-South in danger of going out of business warns Banco Itau BBA [Registered]

Figliolino was candid about the financial stress mills are facing “The debt scenario, exacerbated by rising interest rates, endangers 35% of units in function of weight in financial expenses in its results. It is reaching its limits. We are in a very negative macroeconomic environment. The business environment in Brazil is very bad. The climate of risk aversion is huge”.…

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