Sugarcane harvest 2023/24 in the Center-South of Brazil is estimated at 590 million tons by Datagro

Published 2022년 12월 28일

Tridge summary

The 2023/24 sugarcane harvest in Brazil's Center-South region is expected to reach 590 million tons, a 7% increase from the previous year, according to Datagro consultancy. This would result in a 7.7% increase in total supply of ATR. Mills are expected to focus on maximizing sugar production due to uncertainties in the oil market and potential changes in federal taxes on fuels. The sugar mix is predicted to rise from 45.6% to 47.9%, with sugar production projected to increase by 13% to 38 million tons, while ethanol production is expected to rise by 6% to 31.07 billion liters.

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

Original content

The 2023/24 harvest (April-March) of sugarcane in the Center-South, the main sugarcane producing region in Brazil, should total 590 million tons – close to the record of previous years –, according to the 1st estimate by Datagro consultancy. The volume, if confirmed, will represent an increase of about 7% compared to the 2022/23 cycle in a more favorable climate. Considering the industrial yield at 141.20 kg ATR/tc, the total supply of ATR should grow 7.7% in the new season. "The perception, for now, is that the mills will seek to maximize sugar production in 23/24 especially in light of uncertainties about the oil market, whose prices have fallen again in reaction to forecasts of a slowdown, or even recession, of the global economy", says the consultancy in a note. In addition, there is uncertainty regarding the continuity or not of the exemption in federal taxes on fuels. The sugar mix in the new season is expected to rise from 45.6% in 2022/23 to 47.9%. Sugar production is ...

Source: NoticiasAgricolas