There has been quite a bit of activity in Brazil during the last few months of 2009 and it looks like it will continue. Bunge Limited announced today that it will become the 100 percent owner of Usina Moema Participacoes S.A.

Moema Par is a holding company that owns one sugarcane mill and has ownership in five others. Together the six mills, known as the Moema Group, have the capacity to crush 15.4 metric tons. This agreement, which is structured as a share exchange worth approximately $896 million, gives Bunge 60 percent effective share of the total capacity. Leer más »

The biofuel grows in the neighboring country due to the expansion of the internal market.

SAN PABLO (Reuters). – The international demand of ethanol would register an increase in the next months, but the Brazilian market will continue being the main production attractiveness in Brazil, the major world-wide biofuel exporter, an analyst said.

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