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Brazil's Patria-backed Tria expands into sugar trading

ReutersMay 12, 2026 3:24 PM
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- Brazilian energy platform Tria, controlled by investment firm Patria PAX.O, said on Tuesday it has expanded into global sugar trading.

  • The move builds on Tria's existing energy trading business, targeting Brazilian mills that produce both sugar and electricity from sugarcane bagasse

  • "The choice of sugar as the commodity to be traded is directly linked to its proximity to the power sector," said Tria's director of new businesses, Heloy Rudge

  • Services will include structured credit lines, advanced hedging programs and direct access to international buyers in the Americas, Africa and the Middle East

  • Initial focus on white sugar, with "opportunistic" trading of raw sugar

  • International sugar prices currently operate below mill production costs due to global oversupply, making credit and risk management tools more critical

  • Patria has 272 billion reais ($55.52 billion) in assets under management

($1 = 4.8993 reais)

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