August 10, 2017 / 1:30 PM / 8 days ago

Brazil's Cosan sees improving returns for ethanol

SAO PAULO, Aug 10 (Reuters) - Energy and infrastructure company Cosan SA Indústria e Comércio said on Thursday ethanol sales were giving better returns than sugar in some Brazilian states, a factor that could change its current production mix.

Executives of Cosan, which partners Royal Dutch Shell Plc in the 50-50 joint venture Raízen, said during a call with analysts that the company had reduced sugar hedging compared to its position during this same period last year, expecting prices for the sweetener to recover mid-term. (Reporting by Marcelo Teixeira; Editing by Bernadette Baum)

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