By Marcelo Teixeira
By Marcelo Teixeira
SAO PAULO, Feb 17 (Reuters) – Brazilian sugar and vitality firm Cosan SA CSAN3.SA expects cane crushing within the new center-south season that begins in April to be bigger than volumes seen within the final two crops as favorable climate improves crop prospects.
Cosan, which companions with Royal Dutch Shell Plc RDSa.L within the 50-50 enterprise Raízen, the world’s largest sugar maker, expects larger sugar manufacturing in Brazil in 2020-21 because of improved sugar costs in New York and a weaker Brazilian foreign money, which boosted ahead gross sales by Brazilian mills.
Phillipe Casale, Cosan’s investor relations supervisor, mentioned throughout an earnings call with analysts that mills in Brazil normally ought to have a extra balanced manufacturing combine between sugar and ethanol within the new crop that begins in April than within the earlier two crops, when cane allocation to sugar manufacturing fell to an all-time low close to 35%.
Cosan introduced on Friday a internet revenue of 392 million reais ($90.65 million) within the quarter led to December in contrast with 730 million reais a 12 months…