Cosan Ltd sees Brazil center-south cane crop likely smaller

jueves 16 de junio de 2016 13:30 GYT
 

SAO PAULO, June 16 (Reuters) - Brazil's 2016-17 center-south cane crop tends to be smaller than expected due to excessive dryness in April, said on Thursday Marcos Lutz, chief executive of Cosan Limited, who controls Brazilian sugar group Cosan SA Industria e Comercio.

Lutz said the company has no plans to buy other mills in Brazil or to invest in sugar and ethanol capacity expansion in the short term, despite a looming global sugar deficit. (Reporting by Roberto Samora, writing by Marcelo Teixeira)