Cosan Limited (CZZ)

[MWM]

Buy Cosan on Higher Sugar Prices, Weak Real, Citigroup Says
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By Allen Wan

April 3 (Bloomberg) -- Investors should buy shares of Cosan SA Industria e Comercio, the world’s biggest sugar-cane processor, as higher prices for the commodity and a weaker Brazilian currency may boost earnings, Citigroup Inc. said.

“We look for strong sugar prices in 2009-10, as demand is relatively resilient to an economic slowdown and production is down,” Tereza Mello, an analyst at Citigroup, wrote in a note dated yesterday.

Cosan rose the most in the Bovespa index, gaining 4.6 percent to 11.50 reais at 11:26 a.m. New York time in Sao Paulo trading.