Brazil: Sugar harvest in 2024/25, all eyes are on the weather; check out hEDGEpoint analytics

게시됨 2024년 1월 5일

Tridge 요약

Initial estimates for Brazil's 24/25 harvest are positive, projecting a potential of 640 Mt, with a small correction in productivity, although persistent climate constraints could alter this dynamic. Accumulated precipitation data in sugarcane producing areas follows the average, except for December, when the index flattened, which could represent a threat if the pattern extends into January and February. The lack of precipitation and higher temperatures in sugarcane-producing areas pose a threat if the pattern extends into January and February, potentially leading to a reduction in yield and supporting prices, although it is far from a crop failure.
면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Initial estimates for Brazil's 24/25 harvest are positive, projecting a potential of 640 Mt, with a small correction in productivity, partially offset by the potential for split cane. The monthly analysis of spread behavior indicates a flatter curve between the July and October 2024 contracts, suggesting a pricing of the current expectation of greater availability. However, persistent climate constraints could alter this dynamic. Accumulated precipitation data in sugarcane producing areas follows the average, with the exception of December, when the index flattened, which could represent a threat if the pattern extends into January and February. The previous two weeks witnessed a more subdued market amid the year-end festivities. Volume was not significant and prices remained in a narrow range between 20.5 and 21.7c/lb. After a major collapse following the realization that Brazil has more raw materials than previously anticipated, 20c/lb has proven to be a short-term floor. As we ...

더 깊이 있는 인사이트가 필요하신가요?

귀사의 비즈니스에 맞춤화된 상세한 시장 분석 정보를 받아보세요.

관련 시장 데이터

'쿠키 허용'을 클릭하면 통계 및 개인 선호도 산출을 위한 쿠키 제공에 동의하게 됩니다. 개인정보 보호정책에서 쿠키에 대한 자세한 내용을 확인할 수 있습니다.
'쿠키 허용'을 클릭하면 통계 및 개인 선호도 산출을 위한 쿠키 제공에 동의하게 됩니다. 개인정보 보호정책에서 쿠키에 대한 자세한 내용을 확인할 수 있습니다.