date:Aug 17, 2015
ight of the bulk of Brazils roughly 320 debt-laden cane mills.
As did many mills, GVO ran into trouble after overinvesting in Brazils ethanol boom in 2007-09, only to see those bets crushed by government policy to subsidize gasoline prices.
More than 100 of Brazils once 400-plus mills have closed their doors or entered bankruptcy protection over the past eight years, as a glut of sweetener has pressured prices.
Brazils currency, the real, has depreciated nearly 40 percent against the dollar o