Fire damage to sugarcane crops in Brazil rises to R$500 million

Published Aug 28, 2024

Tridge summary

The article reports on the significant losses[/INST] R$500 million suffered by Brazilian sugarcane plantations due to fires, with an additional R$500 million loss expected from drought. The drought, which has increased production costs and led to a 12% decrease in sugarcane harvest expectations, has also caused the value of ethanol and sugar futures to surge on the New York Stock Exchange. The fires have affected production in several states, necessitating rapid harvesting or replanting of affected crops. The article also highlights an agreement in São Paulo, signed in 2007, that banned the practice of burning sugarcane straw, which was previously common but now contributes to the losses.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The losses from the burning of sugarcane plantations have risen to R$500 million, according to a new survey by the Organization of Associations of Sugarcane Producers of Brazil (Orplana) released this Wednesday (28). Until Tuesday (27), the loss was estimated at R$350 million. Until the last update, it is estimated that the fire burned: Orplana's CEO, José Guilherme Nogueira, explains that part of the burned standing sugarcane can be used in the production of sugar and ethanol, but that the harvest needs to be done quickly, because after a week there is a risk of fungi and bacteria appearing on the plant. He also comments that part of the affected regrowth will have to be replanted, which will generate a cost for the producer of R$13 thousand per hectare. According to Orplana, sugarcane fields in Minas Gerais, Goiás, Mato Grosso and Mato Grosso do Sul were also affected by the fire that started in SP. This data should be released in the next few days, says Nogueira. ➡️Understand ...

Source: G1globo