International Sugar Journal

Brazil – Bagasse-based cogen power supplied to 12 million homes [Full subscriber]

Cane bagasse-based cogenerated power increased by 4% in 2019 compared to the previous year according to JournalCana.

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Brazil – Millers set sales for 62% of 20/21 sugar exports [Full subscriber]

With sugar prices rising recently, Brazilian mills have fixed prices in sales contracts for about 12 million tonnes of sugar for the 2020/21 harvest, compared to 10.2 million tonnes in the same period of 2019/20, according to Archer Consulting.

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Brazil will not drop the WTO case against India as President Bolsonaro’s state visit commences [Full subscriber]

Brazil is agreeable about pursuing bilateral talks with India on the issue of subsidies and pricing policies supporting the sugar industry, according to local press reports.

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Brazil – Biosev faces asset sales as the parent company withholds further cash injection [Full subscriber]

Debt-restructuring talks at Louis Dreyfus-controlled sugar and ethanol producer Biosev are about to focus on possible asset sales, as the prospect of another big capital injection from the parent company fades, reported Bloomberg.

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Brazil – BNDES to finance two projects to upgrade cane production worth US$32 million [Full subscriber]

The Brazilian development bank BNDES recently approved financing of $ 98.7 million (US$ 24.48 million) to Canápolis Açúcar e Etanol SA and BRL30 million (US$7.46 million) to Vale do Paracatu Distillery to expand and upgrade their cane production operations.

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Brazil – Adecoagro investing US$109 million in expanding and upgrading cane operations [Registered]

The Adecoagro group will be investing BRL445 million (US$108.7 million) in expanding and upgrading sugarcane production operations at its plantations serving the company’s two plants in lvinhema. and Angelica, both in Mato Grosso do Sul.

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Brazil – Outlook for sugar and ethanol sectors looks positive says Moody’s [Registered]

The rating agency recently Moody’s shifted the outlook for Brazil’s sugar and ethanol industry from negative to stable, citing rising demand for ethanol from the country, reported Reuters.

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Brazil – Amyris to build US$75 million factory producing zero-calorie sweeteners [Registered]

The biotech start-up Amyris plans to build a factory in Barra Bonita, Sao Paulo state. Costing US$75 million, the factory will produce zero-calorie sweeteners from sugar cane.

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Brazil – 24 mills expanding ethanol production capacity [Full subscriber]

On the back of RenovaBio policy, the biofuel sector is expanding as sugar-energy groups invest in increasing capacity.

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Brazil – Biosev posts loss of US$73 million in Q3 [Full subscriber]

Biosev SA, the Brazilian sugar and ethanol unit controlled by commodities trader Louis Dreyfus, posted a net loss of BRL304 million (US$73.01 million) in the last quarter, 95% larger than a year earlier, reported Reuters.

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