hEDGEpoint reduces the mix of cane representing 1.1 million tons less sugar produced in the center-south of Brazil

게시됨 2022년 4월 13일

Tridge 요약

The new sugarcane crop in south-central Brazil is expected to yield one of the least sugar-producing crops in recent years, as mills are focusing on ethanol production. The forecast for the raw material destined for sugar has been reduced to 42.8%, down from 44.5%, leading to a revision in sugar production to 31.4 million tons, down 2.2% from the previous cycle. However, higher sugar production in the Northern Hemisphere mitigates the impact of the drop in Brazil, and the analysis company still expects a tight global scenario for the 2021/22 and 2022/23 seasons. The estimated production of hydrous fuel in 2022/23 has been raised to 17.7 billion liters, with an increase in anhydrous ethanol production, but it is expected to drop to 8.2 billion liters in 2022/23.

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원본 콘텐츠

SAO PAULO (Reuters) - The new sugarcane crop in south-central Brazil (2022/23), which started this month, will be one of the least sugar-producing in recent years, with mills focusing on ethanol, hEDGEpoint Global said on Wednesday. Markets, which reduced the forecast for the “mix” of raw material destined for sugar to 42.8%. The previous expectation was that sugar would demand a share of 44.5% of the cane processed in 22/23 (compared to 45% in the previous harvest), but good ethanol prices for the mills and a recovery in parity with competing fuel , gasoline, should lead the sector to allocate more sugarcane to the production of biofuel. According to the risk management and hedging company for agricultural and energy commodities, the reduction in the “mix” represents 1.1 million tons less of sugar produced in the center-south of Brazil. As a result, sugar production was revised to 31.4 million tons, down 2.2% from the previous cycle, and the lowest production since 2019/20 (26.8 ...

출처: Istoedinheiro