Chief Financial Officer Rodrigo Penna and Commercial Director Henrique Penna are in New York City participating in Sugar Week. The event brings together the largest leaders in the global sugar and ethanol industry, as well as representatives from mills, tradings, consultancies, financial institutions, trade unions and government agencies.
The event is an opportunity to discuss industry trends and projections for the coming years. "The main issue is the super-harvest of sugar in the world, with high production in India, Europe, Thailand and Pakistan, which brought the price of sugar to very low levels. So, the focus of industry in Brazil, in this harvest, will be the production of ethanol," explains Rodrigo Penna.
The directors took advantage of the event to meet with clients and leaders of the industry, as well as visit financial institutions which Jalles Machado maintains a relationship with. At the time, they met the federal congressman Evandro Gussi, author of the Renovabio bill, which creates the Biofuels National Policy.
They also met with federal congressman Arnaldo Jardim, who, during the event, accepted an invitation from the leaders of the National Sugar and Ethanol Industry Forum to take over the presidency of the Parliamentary Front that represents the industry.
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