According to estimated figures are published, Datagro company total current debt of the entire Brazilian sugar industry has increased from $ 38 billion Reais over 96 billion Reais ($ 28.3 billion) in just over 6 years. This number increased sharply following the devaluation of the Brazilian currency to go 1/3 in 2015. Industry Unica said there were about 50 sugar mills, ethanol has had to be closed and 70 businesses declared bankruptcy since 2011, accounting for 30% of the total number of businesses throughout Brazil.Even if sugar prices are to regain what was lost, he said that Chammas people still haunted by memories of the crisis caused by excessive investment momentum. The company is currently focused on repayment, reduce leverage and generating cash before thinking of expanding the scale of production.
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