SAO PAULO, Aug 13 (Reuters) – Brazil’s São Paulo state will
sue German engineering giant Siemens to recoup public
funds its governor said it lost to a cartel that fixed prices
for public transit construction, equipment and upkeep.
“We are going to open a case against Siemens for damages to
public coffers and the state of São Paulo and to demand total
reimbursement,” Governor Geraldo Alckmin told reporters on
SAO PAULO, Aug 6 (Reuters) – Brazil’s sugar and ethanol
industry continues to invest billions of dollars annually in
mechanization, warehouses, ports and biofuel pipelines, even
though new mills are off the table for now, local leaders in the
sector said on Tuesday.
In the heyday of Brazil’s ethanol industry, more than 30 new
mills opened in 2008/09, but over the past year, only two new
mills opened and they were largely carry through investments of
bigger, earlier projects. Mills can produce either sugar or
SAO PAULO (Reuters) – Last week’s frosts in southern Brazil damaged nearly a fifth of the unharvested cane crop in the principal growing region, an event likely to cut sugar exports from the world’s largest producer, agriculture research company Datagro said Wednesday.
Severe early morning frosts on July 24 and 25 in three of Brazil’s top sugar-cane states devastated large areas, Datagro President Plinio Nastari told Reuters. The cold blight comes at the peak the crushing season when more than half of Brazil’s expected record 590-million-tonne crop remains unharvested.
SAO PAULO (Reuters) – Last week’s frosts in southern Brazil damaged nearly a fifth of the 365 million tonnes of centre-south sugar cane yet to be harvested, potentially curbing output from the world’s largest exporter, industry research company Datagro said on Wednesday.
Datagro President Plinio Nastari told Reuters that severe frost on July 24 and 25 in southern cane growing regions may have killed entire fields, which would likely need to be replanted.
SAO PAULO, July 16 (Reuters) – Ethanol demand in Brazil rose
24 percent in June from a year ago, according to fuel
distributors, signaling a shift among motorists that will help
shrink the global sugar glut and reduce Brazil’s dependence on
As a global glut in sugar pushes prices near three-year
lows, Brazil’s cane industry association Unica is likely to
revise down its official forecast for sugar output from 35.5
million tonnes seen in April to no more than last year’s 34.1
million tonnes, Unica’s technical director, Antonio Padua
Rodrigues, said on Tuesday.
SAO PAULO, June 26 (Reuters) – A strong dollar has prompted
Brazilian mills to sell sugar for export, but rain, growing
demand for ethanol and drought in the northeast have contained a
price surge of the sweetener on the international market for
Accounting for half the global exports in sugar, Brazil is
in the peak of crushing a record 35.5 million tonnes of sugar
from its main center-south cane crop, according to the cane
industry association, Unica, which will release its latest tally
of the crush on Wednesday afternoon.
SAO PAULO, June 4 (Reuters) – Brazil plans to vote on a bill
in the coming weeks to reopen large areas of the Amazon to sugar
cane mills, rekindling fears that ethanol production could
accelerate deforestation and create a major marketing challenge
for the country’s biofuels industry.
Environmentalists are concerned Congress’ vote could
overturn a ban on cane expansion in the region that went into
place in 2009 and increase pressure on land use in areas that
amount to nearly a third of the broader Amazon region in Brazil.
SAO PAULO, May 9 (Reuters) – Brazil’s record 2012/13 soy
crop will turn out slightly smaller than the government crop
supply agency Conab forecast in April, but the agency sees
exports of the commodity holding firm at a record 36.78 million
In its eighth estimate of the season’s grain output released
on Thursday, Conab also raised its view of the corn crop from
last month and issued its first forecast of the 2013 wheat crop,
which is expected to recover from last year’s poor showing.
SAO PAULO, May 6 (Reuters) – While Brazil is marketing its
largest ever soybean crop, many producers and traders will
register smaller-than-expected profits as logjams across the
nation’s roads, railways and ports triggered a sharp drop in
local cash prices.
To be sure, it will be a good year for the local soy sector
given the strong demand, still attractive prices and massive
crop, but it will not be as sweet as it looked late in 2012.
BRASILIA/SAO PAULO, April 23 (Reuters) – Brazil’s government
threw its sugar-ethanol industry a lifeline on Tuesday, by
cutting taxes and sweetening credit for the struggling sector it
hopes will resume investments in new biofuel plants to bolster
Finance Minister Guido Mantega, who announced the measures,
said he expected a recovery in the ethanol industry could also
help curb stubborn consumer inflation by bringing down fuel
prices and reducing Brazil’s dependence on gasoline imports.