Ana Zancaner

Ana graduated from Insper University Sao Paulo in 2013, with a bachelor’s degree in business administration. She joined Czarnikow as an intern in 2013 and is now our senior analyst in our Sao Paulo office. At Czarnikow she is responsible mainly for analysis of the Brazilian sugar and ethanol sector but supporting other consulting requests as well.

Brazilian Truck Freight Rates for Sugar to Rise Sharply

  • The 2023/24 cane season will be marked by stretched logistics in Brazil.
  • Sugar truck freight rates are already 40% higher year on year.
  • With record grains and large sugar crops, freight rates could double by September.

Ana Zancaner

1 year ago

3 min read

The Importance of Ethanol For Brazil’s Fuel Matrix

  • Brazil is highly dependable on ethanol for fuel security, with ethanol responsible for over 40% of fuel supply in Brazil.
  • Government decisions on gasoline prices could lead to a long term risk of fuel shortage.
  • Decision to end the tax exemption can result in a potential upside for ethanol prices – even with a gasoline price reduction.

Ana Zancaner

1 year ago

6 min read

More Sugar From Centre-South Brazil in 2023/24

  • We think Centre-South (CS) Brazil will make 36.3m tonnes of sugar in 2023.
  • This would be the second highest on record.
  • CS Brazil will become the world’s largest sugar producer once more.

Ana Zancaner

1 year ago

2 min read

Brazilian Ethanol Prices to Rise in 60 Days

  • Federal tax exemption for gasoline and ethanol is extended until March.
  • This decision will limit the upside for ethanol prices during the offseason.
  • Even when it the exemption ends, mills will prioritise sugar, not ethanol.

Ana Zancaner

1 year ago

3 min read

Sugar Cost of Production Across the World

Brazil, India, EU, Thailand, and China are responsible for 65% of the world’s sugar production. Each has its particularities when considering sugar cost of production that can range from USD350/mt for raw sugar in Brazil to USD833/mt for crystal sugar in China.

Ana Zancaner

1 year ago

2 min read

Brazil Reduces Gasoline Prices: Impacts for the Cane Mills

  • Petrobras has reduced Brazilian gasoline prices by 6%.
  • This is negative for ethanol prices and cane mill cash flow.
  • Is this going to be President-elect Lula’s way of controlling fuel price inflation?

Ana Zancaner

1 year ago

4 min read