Cosan could move more cane production to biofuels than sugar

In Brazil, Cosan SA Indústria e Comércio expects ethanol sales to yield better returns than sugar across some Brazilian states, and say they could adjust the amount of sugar and ethanol produced if biofuel prices improve and sugar prices continue to decline. Raízen Energia, a 50-50 joint venture between Cosan and Royal Dutch Shell Plc, set aside 57% of cane for sugar production, a little higher than last year’s 55%, but they decreased sugar hedging for the year. Cosan posted a net quarterly loss last week but Cosan Chief Executive Officer Mario Silva told Reuters “Raízen continues to search for potential acquisitions following the purchase of two sugar and ethanol plants from Tonon Bioenergia SA.”