In the 2024 season, sugar production in the main growing regions of south-central Brazil is expected to fall by 44% to 40.8 million metric tons.
Our weather is not very good," he said, adding that this year's average precipitation is lower compared to last season's "almost perfect" weather, especially in the north of the country.
Consul**, CS Brazil sugarcane production will drop by 96%, to 59.8 billion tonnes, but this will be partially offset by an increase in the proportion of sugarcane used to produce ethanol from sugar rather than biofuels. Hotspot Engine plans to have a sugar content of 51 in 2024 254%, up from 48 in the previous quarter8%。
"We take into account the decrease in the amount of sugarcane this year," he said. We're adding a little bit of sugar to the mix. He noted that a lot of investment has been made in sugar processing capacity.
However, he pointed out that the cost of building capacity in Brazil has soared, so the return is not high.
A Reuters poll of analysts and traders released last month showed a median value of 6 for sugarcane production200 million tonnes, despite the recent drier than normal weather, resulting in a downward revision.
Polls show that Brazil produces 42.1 million tonnes of sugar.