Brazil ends 2023/24 crop with output records for sugar, ethanol

Published Apr 15, 2024

Tridge summary

In the 2023/24 crop year, Brazil's Centre-South region reported unprecedented production levels in its sugarcane industry, according to UNICA. The region processed 654 million metric tons of sugarcane, marking a 19% increase from the previous year, and produced 42.42 million tons of sugar and 33.59 billion liters of ethanol, up by 25% and 16% respectively. This record-breaking performance was largely due to favorable weather conditions and a strategic emphasis on sugar production in response to high global prices. Additionally, the production of corn ethanol saw a remarkable 41% increase, contributing to nearly 20% of the total ethanol production. The report also notes a positive start to the new crop season with increases in sugarcane processing, sugar, and ethanol production as of the second half of March.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazil’s Centre-South region concluded the 2023/24 crop (April-March) posting for the first time production records for sugarcane, sugar and ethanol, industry group UNICA said in a report on Friday. Brazil’s CS processed 654 million metric tons of sugarcane, 19% more than in the previous crop, as the region benefited from near perfect weather conditions both during crop development and harvesting time. Mills ended the crop with a sugar production of 42.42 million tons, 25% up, and ethanol output of 33.59 billion liters, a 16% increase (see tables). “We had expectation for a good year when the crop started, but it was even better than we thought,” UNICA’s director Luciano Rodrigues said. Mills had a clear focus on boosting sugar production during the season to profit from high international prices. Cane allocation to sugar ended at 48.8% versus 44.6% in the previous year. The record ethanol output only came due to the increasing use of corn to produce the fuel. Corn ethanol ...
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