Sugarcane milling approaches the end with productivity on the rise

According to Itaú BBA, the 2023/24 sugarcane crop in the Center-South is in its final phase, with total milling close to 650 million tons. The dry weather favored the productivity and quality of the raw material, boosting sugar production. Despite this, the inter-crop season is expected to start with high stocks and the possibility of pressure on international prices, given the competition from India and Thailand. The market is also monitoring the Indian export policy, which may influence global prices. Internally, parity with ethanol ...