Brazil: StoneX forecasts the crushing of 587.6 million tons of sugarcane in the 2023/24 harvest

Published 2022년 12월 5일

Tridge summary

StoneX forecasts a 5.4% increase in sugarcane crushing in Brazil's Center-South region for the 2023/24 harvest, reaching 587.6 million tons. The average productivity of sugarcane fields is expected to rise by 5% to 76.1 t/ha. However, the total recoverable sugar concentration in crops is predicted to slightly decrease due to increased humidity. The Center-South is expected to produce 35.6 million tons of sugar and 26.3 billion liters of sugarcane ethanol in the 2023/24 season. Corn ethanol production is anticipated to grow by 22.2% to 5.5 billion liters. Overall, the region's total production is projected to increase by 7.8% to 31.8 billion liters.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

StoneX consultancy predicts for the 2023/24 harvest, a crushing of 587.6 million tons of sugarcane in the Center-South region. “In comparison with the first estimate released for the 2023/24 crop in September, a gain in TCH was added, due to the high volume of rainfall recorded in recent months, a factor that favors the gain in productivity of areas in the development phase. Therefore, crushing in the Center-South should total 587.6 million tons, which could represent an annual increase of 5.4%”, explains the consultancy. READ MORE > Unica presents partnership opportunities with Asian countries Even if in a preliminary way, StoneX projects that the average productivity of sugarcane fields in the region will increase 5% in the annual comparison, reaching a level of 76.1 t/ha in 2023/24. The consultancy pointed out that, in comparison with the estimate for September, a gain in productivity was added, “due to the high volume of rainfall recorded in recent months, a factor that favors ...
Source: Jornalcana

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
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.