Brazil – Ethanol sales recovery stalled by stations not passing on gasoline price rise increases [Full subscriber]
Stations in large cities have avoided raising gasoline prices to maintain sales, despite rising refinery costs. Since April, the wholesale cost increased by 59%, while prices at the pump fell 4% in the state of São Paulo, according to data from Petrobras and the National Petroleum Agency (ANP), reported Bloomberg.
Belize – ASR Group drives productivity to make the sugar industry competitive [Registered]
The American Sugar Refining (ASR) Group, owners of Belize Sugar Industries (BSI), is planning to drive productivity to make the local industry more competitive as it faces low world price of sugar and loss of preferential to European market later this year.
Brazil – More plant closures in the sugar-ethanol sector [Registered]
One of the reasons for the crisis, according to managers consulted by Folha and industry specialists, is the low profits currently proffered by sugar and ethanol, when compared to labour costs which have been rising at nearly 10% a year and contributed significantly to rising production costs.