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.

Write to Jeffrey T. Lewis at

(END) Dow Jones Newswires

08-24-23 1446ET