Brazil's sugar output forecast to hit record 46 million tonnes in 2024/25

Published 2024년 8월 23일

Tridge summary

Brazil's crop agency, Conab, has revised the country's sugarcane output forecast for the 2024/25 crop year, projecting a slight increase to 689.83 million tonnes from the previous estimate of 685.86 million tonnes due to improved climate conditions in northeastern Brazil. However, this figure is lower than the previous season's harvest of 713.21 million tonnes. The country's sugar production is expected to reach a record 46 million tonnes, with sugar and corn ethanol output projected at 35.41 billion litres. Meanwhile, raw and white sugar prices have increased on the London and New York exchanges. Pakistan is planning to allow 100,000 tonnes of sugar exports in the 2024-25 fiscal year, with the decision subject to monitoring and potential adjustment based on the sugar market situation.

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Original content

Brazil's crop agency Conab has raised its forecast for the country's 2024/25 crop year, but said sugarcane output would still be lower than the previous season, as low rainfall and high temperatures cut yields in key regions. According to Conab, sugarcane output in the South American country in the 2024/25 season is forecast to reach 689.83 million tonnes, up from the 685.86 million tonnes estimated in April 2024, due to improved climate conditions in northeastern Brazil, which are favorable for crop growth, but still lower than the 713.21 million tonnes harvested in the previous season. Brazil is the world's largest sugar producer and exporter. Brazil's sugar output is forecast to hit a record 46 million tonnes this season, up 0.7% from 2023/24 but down from Conab's previous estimate of 46.29 million tonnes. Sugar and corn ethanol output will total 35.41 billion litres, up from the 34.18 billion litres forecast in April 2024. The Pakistani government plans to allow 100,000 ...

Source: Vinanet