By Jeffrey T. Lewis
Raizen shares rose 3.6% amid reports that India is considering a ban on sugar exports during a drought that has cut into production.
The Brazilian energy company's shares reached 3.74 reais, equivalent to 77 cents, and were down 3.5% from the end of last year through Wednesday's close. Brazil's benchmark Ibovespa stocks index was down 0.9% in mid-afternoon trading.
The company is a producer of ethanol and sugar, and says it is the world's biggest individual exporter of the sweetener. A ban by India, one of the world's biggest sugar exporters, would boost demand for Raizen's production.
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(END) Dow Jones Newswires