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São Martinho Sees Sugar and Ethanol Margins Fall Amid Lower Prices

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Corn
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São Martinho's sugar and ethanol margins took a hit in Q1 2027 due to lower prices, heavy rainfall, and weak demand. Corn-based ethanol margins remained steady, however.

The company's debt rose 5% to BRL 5.2 billion, but liquidity remains strong with no major maturities scheduled soon.

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