Tridge summary
Recent rainfall in late March and early April has positively impacted Brazil's main sugar-producing region, potentially leading to the second highest agricultural yield in the past nine years for the Centre-South region. Wilmar, a key Asian commodities trader, forecasts the 2024/25 Brazil CS sugarcane crop to range between 620-630 million tonnes, with sugar production estimated at 42.5-44.5 million tonnes. This projection is notably higher than other market predictions, such as France's Sucden, which anticipates a smaller production of around 40 million tonnes due to less than average rainfall during the crop's key development stages.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Rains in late March and early April in Brazil’s main sugar producing region will improve prospects for this year’s sugar season in the world’s largest producer and exporter of the sweetener, Asian commodities trader Wilmar said on Tuesday. It is reported by HSN. Brazil’s Centre-South region will likely have its second highest agricultural yield in the sugarcane fields for the past nine years, Wilmar said in a post on X. The Singapore-based company, which is one of the largest players in the global sugar market, said it projects the 2024/25 Brazil’s CS sugarcane crop at a range between 620-630 million tonnes. It estimates sugar production at 42.5-44.5 million tonnes, with a crop target of 43.8 million tonnes, which would nearly equal the record production seen in the previous crop. Wilmar’s projections continue to be on ...
Source: UkrAgroConsult
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.