Sugar-energy sector’s financialization strategies in Brazil

Author(s)

Henrique Faria dos Santos ^[1]

Affiliation

^[1] Universidade Estadual Paulista - Brasil

• Document type: Journal article
• Source: Revista NERA; v. 27, n. 1 2024-04-15.

Abstract

Abstract This article aims to discuss the several financialization strategies used by sugarcane industry in Brazil, such as banking credit acquisitions, issuance of debt securities, IPO on the stock exchange and speculation in the commodities market. In recent years, agents of the sugarcane sector have been increasingly to access different ways of capitalization to inflate their assets and make productive and speculative investments. The context is part of the hegemony of financial capital over the political economy of the market and large firms, resulting in growing influence on corporate decisions. Thus, it is observed that globalized agribusiness is one of the economic activities that has been having narrow relations with the financial agents to expand the process of capital accumulation, increasing even more the investors’ wealth levels. (AU)

• FAPESP's process: 17/15377-3 - Productive regional specialization and territorial vulnerability: local implications of the expansion and crisis of the sugarcane industry in Brazil
• Grantee: Henrique Faria dos Santos
• Support Opportunities: Scholarships in Brazil - Doctorate
• FAPESP's process: 22/11815-4 - Financialization of the globalized agribusiness in Brazil: from fictitious capital to corporate use of the territory
• Grantee: Henrique Faria dos Santos
• Support Opportunities: Scholarships in Brazil - Post-Doctoral