Brazil. Share of cane allocated for sugar production may reach a new record level
The Brazilian consulting company JOB Economia e Planejamento expects that in the current season of 2024/25 MY in Central and Southern Brazil, the share of sugar cane intended for sugar production will increase to 50.8%, which will be a record value for the industry.
This is reported by Reuters.
According to data previously published by the industry group UNICA, in the second half of May in Brazil, the share of sugar cane used for sugar production decreased to 48.28%, compared to 48.65% a year earlier.
The total sugar production in Brazil in the season 2024/25 MY should increase by 1.3% and reach 46.3 million tons. This value will depend on the policy of sugar mills on the distribution of cane between sugar and ethanol production.
Read also
The Counterparty Is Trying to Avoid Fulfilling the Contract. What Should You Do?
Russia’s lurking grain industry crisis
China extends Canadian canola probe until March 2026
US agricultural sales to increase by $8 bln following agreement with Japan
China’s soybean stocks hit record high amid trade war with US
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon