In the harvest, 61.4% more was milled than the same period last year in Argentina

Published 2024년 6월 22일

Tridge summary

The Tucuman harvest is in progress and seeing an increase in production compared to the previous year. According to Franco Fogliata, the Institute for the Promotion of Sugar and Alcohol of Tucumán (Ipaat) data shows a significant rise in the amount of raw cane ground and physical sugar produced. The daily grinding capacity has also increased, reaching 105,000 tons. Despite these improved prices, the local market continues to pay a lower price per kilogram for Type A white sugar compared to global market prices. Fogliata suggests that the industry should focus on exports to improve prices and stabilize the market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Tucuman harvest is in full swing; All the mills are working. “When analyzing the data from the Institute for the Promotion of Sugar and Alcohol of Tucumán (Ipaat) to compare the first days of last year's harvest vs. the current one we see that the numbers that are being given are much better,” said private advisor Franco Fogliata. “Between May 2 and June 10, 873,230 tons of raw cane were ground more than in the previous harvest: 2,294,430 compared to 1,420,806; 61.4%,” he said. He said that the physical sugar produced was also higher: “120,390 tons compared to 59,008 tons; 105%.” Factory yields % gross cane base were also better - 6.919% vs. 5.797% -. “The daily grinding capacity on June 2 was 95,000 tons and on June 4 it reached 105,000 tons,” he said. Regarding prices, it was considered interesting to analyze the values provided by the Tucumán Sugar Cane Farmers Center (Cactu) as of June 12. Type A white sugar from the domestic market that the sugarcane grower receives at ...
Source: Suenaacampo

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