Published On: Wed, Sep 9th, 2015

Louis Dreyfus Unit Says Brazilian Sugar Industry Still Struggles

Margarita Louis-Dreyfus / Getty
Brazil’s sugar producers will struggle to expand output and take advantage of the market’s first supply shortfall in five years, Louis Dreyfus Commodities Holdings’s sugar unit says.

Some companies may have “passed the point of no return” and won’t survive, Biosev SA Chief Executive Officer Rui Chammas said in an interview in Sao Paulo. Chammas heads Brazil’s second-largest sugar producer after Raizen Energy SA, the Royal Dutch Shell Plc and Cosan SA joint venture.
Raw sugar futures traded on ICE Futures U.S. in New York fell for the past four years in the longest slump since at least 1962 amid rising global inventories.

Read the full story at BLOOMBERG by Gerson Freitas Jr Julia Leite

 

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