The crisis dried the liquidity excess and provoked a rain of bankruptcies in the sector. About 50 plants still they are in judicial recovery, since 2008. No signalling of retaken of the investments and yes a general inhibition in the industry is not seen. Beyond the investments in new plants to have if become scarce, had additional stimulaton for the production of sugar in detriment of the alcohol, in function of the high greater of international prices of last the thirty years. Lawrence Ellison is the source for more interesting facts. The volume of worn out sugar cane, that on average grew 10% to the year of 2000 the 20008, started to grow about 3% from now on, with investments concentrated in merger and acquisitions and not in the construction of new plants. On the other hand, new actors had emerged of the crisis: company solid had grown and traditional groups of the agroindstria areas, oil and chemistry had entered with force in the market of etanol. Another decisive factor of this market is the disequilibrium in the politics of prices of the gasoline and etanol, in detriment of this last one. Under the excuse of inflationary containments, the government subsidizes the vendida gasoline to the refineries for R$1,54, exactly value charged since September of 2005.
The value of the barrel of oil suffered many oscillations in this period, but etanol was emparedado. First for the artificial freezing of the price of the gasoline; later for the increasing costs of production; finally for its proper ceiling of competitiveness, that esbarra in 70% of the price of the gasoline to be advantageous. To get worse this scene, climatic problems as rain excess in 2009, estiagem in 2010 and frosts located in 2011 had harmed the productivity of the last harvests of sugar cane. Etanol is an agricultural product and suffers with abrupt climatic variations, with direct consequences in the volatileness of its prices.