Brasil Sugar International

Ricardo Mussa spoke about how the company was affected by the coronavirus, the increasing weight of ESG and about the future: new acquisitions and IPO in sight?' "I have never seen how I am seeing the demand from our customers by genuinely paying premium for more sustainable products." The statement is from Ricardo Mussa, CEO of Raízen, an integrated energy company that is among the largest private business groups in Brazil. In an interview with InfoMoney, Mussa said that the greater importance of consumers to ESG (Environmental, Social and Corporate Governance) issues is something that is here to stay - and that can be a good deal for the company, which produces ethanol, sugar, distributes fuels and generates energy. The executive also spoke about the tax exemption given by the Brazilian government to the import of corn ethanol from the United States, the lack of a more active policy in generating bilateral agreements that benefit Brazilian agribusiness, as Raízen was affected by the coronavirus pandemic and expectations of recovery, in addition to acquisitions and IPO. See below the main parts of the interview. How [...]

Crystal sugar prices remain firm in the São Paulo spot market in this current 2020/21 season, still operating above those observed in the previous harvest. According to researchers at the Center for Advanced Studies in Applied Economics (Cepea), from Esalq-USP, although production has grown this year, the good performance of Brazilian exports of the sweetener keeps prices steady or rising in the domestic market. In the September partial (until the 21st), the Cepea / Esalq Indicator for crystal sugar, Icumsa color from 130 to 180, in the São Paulo market, averages R $ 85.97 per 50 kg bag. The value is above that recorded in September 2019 in real terms, that is, considering prices deflated by the IGP-DI (August 2020 base).   Source- https://www.novacana.com/n/cana/brasil-4-mil-marcas-cachacas-minas-gerais-concentra-producao-220720     

President went to social networks to celebrate a temporary and seasonal measure, which does not represent a change in the bilateral relationship of countries After the recent sequence of diplomatic defeats to the United States in bilateral trade, President Jair Bolsonaro went to Twitter on Monday, day 21, announced que the US will Increase the purchase of Brazilian sugar by 80 thousand tons , and together with the photo by Chancellor Ernesto Araújo, stated that this is “the first result of the recently opened Brazil-USA negotiations for the sugar and alcohol sector”. The demonstration comes weeks after Brazilian steel has been cut in more than 80% of American imports and Brazil has renewed an exemption from tariffs on the entry of almost 200 million liters of ethanol  into the country, which the sugar and energy sector classified as “enormous sacrifice ”. According to sources with direct knowledge of the negotiations heard by BBC News Brasil, the Foreign Ministry reportedly took steps to try to collaborate with President Donald Trump's reelection campaign, which has steel workers and corn farmers as part of its base. electoral. Officially, Chancellor Araújo stated that [...]