Sugarcane crushing should be 597 million/t in the Center-South of Brazil in 2023/24 where productivity should grow 7%

Published 2023년 3월 24일

Tridge summary

British trading company Czarnikow predicts that the processing of sugarcane in Brazil's Center-South region for the 2023/24 season could reach 597 million tons, with an estimated 7% increase in agricultural yields, the highest since the 2020/21 harvest. The region is expected to produce 37.6 million tons of sugar, the second highest production ever recorded, with a sugar mix of 47.5% for maximum sugar production. However, despite the increased supply, it is estimated that Brazilian sugar will not be widely available before the fourth quarter of 2023 due to export limitations at the port of Santos.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The processing of sugarcane in the Center-South of Brazil in the 2023/24 season (which will start in April) should be around 597 million tons, estimates the British trading company Czarnikow. In a report, analyst Ana Zancaner stated that rainfall in the region was above the historical average in this first quarter of the year, something that had only occurred in 2016. "This is positive for the development of sugarcane, which means that we expect high agricultural productivity and high availability of sugarcane", he pointed out. The trading company expects agricultural yields to increase by 7% this season, reaching almost 79 tons of sugarcane per hectare (TCH). If fulfilled, this would be the highest TCH since the 2020/21 harvest, when the Center-South of the country ground 605 million tons of sugarcane. With the greater availability of raw material, Czarnikow predicts that the region will produce 37.6 million tons of sugar in the 2023/24 cycle, the second highest production ever ...

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