Brazil sugar output decreased by 23% — Unica
Sugar production in Brazil’s central-south region reached 1.08 million metric tonnes in the second half of November, according to industry group UNICA, marking a 23% drop compared to the same period last year, but still surpassing market expectations.
It is reported by chinimandi.
During this time, sugarcane crushing fell by 15.2%, totaling 20.35 million tonnes, UNICA reported.
Analysts surveyed by S&P Global Commodity Insights had predicted sugar production to be around 793,500 tonnes for the period, with cane crushing expected to reach just 15.48 million tonnes.
UNICA explained that rainfall earlier in the month caused mills to delay crushing, shifting more activity to the second half of November and contributing to stronger results during this period.
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