24 plants started the 2024/25 harvest in the first half of March in Brazil

Published Apr 6, 2024

Tridge summary

DATAGRO's analysis forecasts a decrease in sugar production in Brazil's Center-South region for the 2024/25 harvest, with production expected to drop from 42.54 million tons to 40.90 million tons due to a 9.8% reduction in sugarcane crushing, despite an increased mix for sugar production. This decline is part of a broader context where climate challenges are also affecting sugar supply in Central America and Mexico. The report further adjusts the global sugar balance, anticipating a deficit for the 2023/24 season and a smaller surplus for 2024/25, amid varying production predictions worldwide. In Brazil, a significant uptick in sugarcane crushing in early March has led to increased ethanol and sugar production, with 24 units commencing the 2024/25 harvest ahead of schedule. Additionally, ethanol production from corn has seen a substantial rise.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the consultancy, considering sugarcane crushing is 9.8% lower in the Center-South of Brazil in the 2024/25 harvest, sugar production in the region is expected to fall from 42.54 million tons to 40.90 million tons. , despite the increase of 3.1 percentage points in the mix for the production of the sweetener. Furthermore, climate challenges have affected supply in Central American countries and Mexico. Varied perspectives are observed in different parts of the world, with downward revisions in production forecast for China and Russia in the 2023/24 season, contrasting with surprisingly positive results in Thailand and India, highlights DATAGRO in VIP Report. “Therefore, considering a growth in world sugar consumption of 1.0%, DATAGRO raised the projection on the deficit in the world sugar balance in the commercial year 2023/24 (Oct/Sep). For the following season 2024/25 (Oct/Sep), the surplus estimate was revised downwards”, highlights the consultancy’s publication. ...
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