Grace Fan

Director, Brazil/Latin America Research

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Recent Brazil research

* Brazil: Key indicators to watch in 2018, Elizabeth Johnson, Grace Fan, 14 Dec 2017
* Brazil: Key indicators to watch in 2018, Elizabeth Johnson, Grace Fan, 14 Dec 2017
* Brazil: Keeping the flame alive, Grace Fan, Elizabeth Johnson, 7 Dec 2017
* Brazil: Down to the wire, Grace Fan, Elizabeth Johnson, 30 Nov 2017
* Brazil: The rise of the Right, Grace Fan, Elizabeth Johnson, 22 Nov 2017

See all our Brazil research >>

What Petrobras investors need to know about ethanol and sugar

Overview

Brazil – the world’s largest sugar producer and second-largest ethanol producer – has suffered from slowing sugarcane output in the wake of the 2008 global financial crisis, exacerbated by high debt levels and poor weather conditions in the past two harvests. To make up for the sector’s current structural inability to supply the country’s growing flex-fuel car market, Petrobras (PBR:US, PETR3:BZ) will be compelled to import more gasoline into the medium term, with the potential for...

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