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Reese's Feed
Jul 24, 2014

Brazil’s sugar output steady despite rains in early July – Unica

SAO PAULO, July 24 (Reuters) – Sugar output from Brazil’s
main center-south cane region stayed strong in the first half of
July, despite rains, at 2.55 million tonnes, little changed from
the 2.58 million tonne output in the prior two weeks, the cane
industry said.

In its latest biweekly crushing report on Thursday, industry
association Unica said cumulative sugar output since the start
of the season in April had reached 12.89 million tonnes by July
15, up 13 percent from the same period a year ago.

Jun 5, 2014

Brazil homeless group in peaceful march on World Cup arena

SAO PAULO, June 4 (Reuters) – Thousands of homeless workers on Wednesday marched peacefully on Brazil’s Arena Corinthians stadium, which is to host the opening game of the soccer World Cup next week, pressing their cause under the spotlight of the global sporting event.

The Workers Without Homes Movement, which police estimated mobilized more than 10,000 people to demand more government spending on transport, health, education and low-income housing, shut down one of Sao Paulo’s main highways to the stadium, which is fighting the clock to get ready for the June 12 event.

Mar 27, 2014

Cargill, Copersucar to form world’s No. 1 sugar trader

O PAULO, March 27 (Reuters) – U.S.-based
agribusiness trader Cargill and Brazil’s Copersucar
announced plans on Thursday to form a business to create the
world’s biggest sugar trader through a 50-50 joint venture.

The venture will combine Cargill’s trading and logistics
expertise and a global customer network that stretches from
China to Thailand with supply from Copersucar’s vast network of
47 mills, which produce 10 percent of the world’s sugar exports.

Mar 21, 2014

Brazil’s Biosev mill closing reflects deepening cane industry woes

SAO PAULO/NEW YORK, March 21 (Reuters) – Plans by Biosev SA
, Brazil’s No. 2 sugar and ethanol producer, to slash
costs and idle a mill due to a prolonged sector downturn are the
latest sign of the industry’s crisis amid weak prices and global
oversupply.

Biosev, controlled by French commodities trader Louis
Dreyfus, said on Thursday it plans to suspend
operations at its Jardest plant, one of its 12 mills, and
transfer the plant’s cane to be processed at nearby mills.

Feb 24, 2014

Brazil’s Cosan proposes $4.7 billion takeover of railway firm

SAO PAULO (Reuters) – Brazilian sugar and ethanol firm Cosan SA proposed a takeover on Monday of America Latina Logistica SA in a $4.7 billion deal that would form Latin America’s largest railway and logistics company.

Under the terms of the deal, shareholders of ALL (ALLL3.SA: Quote, Profile, Research, Stock Buzz), as America Latina Logistica is commonly known, would own most of the capital of the combined entity, while Cosan (CSAN3.SA: Quote, Profile, Research, Stock Buzz) would name the majority of its board members.

Feb 24, 2014

Brazil’s Cosan proposes takeover of railway firm in $4.7 bln deal

SAO PAULO, Feb 24 (Reuters) – Brazilian sugar and ethanol
firm Cosan SA proposed on Monday a takeover of America Latina
Logistica SA in a $4.7 billion deal that would form Latin
America’s largest railway and logistics company.

Under the terms of the deal, shareholders of ALL,
as America Latina Logistica is commonly known, would own most of
the capital of the combined entity, while Cosan would
name the majority of its board members.

Feb 14, 2014

Brazil’s big cane mills cut costs, capex against losses

SAO PAULO, Feb 14 (Reuters) – Weak sugar prices, government
fuel price controls and a year of frost and drought are forcing
Brazil’s listed sugar and ethanol companies to cut costs and
consider layoffs, as earnings reports this week have shown.

Local sugar and ethanol units controlled by Louis Dreyfus
, Cosan, Bunge, Tereos
and others see the cuts as essential, to stem losses until sugar
prices recover from four-year lows and they can limit or reverse
the negative impact of government policies on their
profitability.

Feb 13, 2014

Rains to end Brazil coffee drought, but damage done

SAO PAULO, Feb 13 (Reuters) – Forecasters say widespread
rains will finally enter the southernmost part of Brazil’s
coffee belt on Thursday evening, breaking a six-week dry spell,
but the crop may already have suffered losses of up to 30
percent.

With rains having already begun in the southern grain-
producing state of Rio Grande do Sul, to the south of Brazil’s
coffee belt, coffee futures prices slid in mid-day trade
by nearly 2 percent. After traders first caught wind of
potential damages from the drought in late January, prices had
jumped 23 percent through Wednesday.

Feb 12, 2014

Brazil’s coffee belt grapples with rare threat: dry heat

ESPIRITO SANTO DO PINHAL, Brazil, Feb 12 (Reuters) – In
Brazil’s coffee belt, frost has long been the biggest risk for
farmers and commodities traders alike. But after years of
migrating to warmer regions, farmers here now find themselves
scrambling to overcome an unusual phenomenon: blistering heat.

January was the hottest and driest month on record in much
of southeastern Brazil, punishing crops in the country’s
agricultural heartland and sending commodities prices sharply
higher in global markets. As signs emerged that the world’s
largest coffee crop was withering, futures prices shot up 26
percent over a seven-day stretch to a nine-month high.

Dec 10, 2013

ADM sees 1 mln T grains through Brazil Amazon port in 2014

SAO PAULO, Dec 10 (Reuters) – The Brazilian arm of U.S.
commodities trader Archer Daniels Midland Co expects to
move 1 million tonnes of soy and corn through its new terminal
at the mouth of the Amazon in 2014, the head of South American
operations said on Tuesday.

The company eventually plans to expand capacity at its
Barcarena terminal outside Brazil’s northern port city of Belem
to handle 6 million tonnes of grain annually, taking pressure
off Brazil’s congested southern export corridors.

    • About Reese

      "I'm a ten-year Reuters commodities reporter in Brazil. The economic coming of age of the emerging markets has elevated the importance of the country's mineral and agricultural potential. After a decade here, I still feel as though I've only scratched the surface in understanding the country's wealth and diversity in commodities markets ranging from soybeans, sugar, coffee and orange juice to iron ore, petroleum and timber."
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