Raizen locks in sugar prices for about half of its 2026/27 output, director says

Cosan

14/11/2025 23:00

By Roberto Samora

SAO PAULO, Nov 14 (Reuters) - Raizen RAIZ4.SA, one of the world's top sugar makers, has locked in prices for about half of the sugar volume it expects to produce in the 2026/27 crop, the firm's investor relations director Phillipe Casale said in an earnings call on Friday.

• The Brazilian firm has so far secured prices of 114 real cents ($0.2110) per pound, Casale said.

• For the 2025/26 crop year, prices for almost the entire company's sugar production are set at 111 real cents per pound, he added.

• Raizen sees its 2025/26 sugarcane crushing closer to the lower end of its 72-75 million metric tons outlook due to weather issues, according to him.

• The company sees potential productivity gains next crop year, helped by replanting in areas affected by wildfires last year and more favorable weather, the director said.

• Executives also noted during the call that the firm's divestment program has not yet been completed, as further developments are expected to reduce net debt.

• Raizen posted a net loss of 2.3 billion reais ($425.6 million) in the second quarter of the 2025/26 crop.

($1 = 5.4039 reais)

 (Reporting by Roberto Samora; Writing by Fernando Cardoso, Editing by Natalia Siniawski)

 ((fernando.cardoso@thomsonreuters.com;))