Sugarcane milling in Brazil increases at the beginning of December, but does not meet forecast

Published 2022년 12월 26일

Tridge summary

Brazil's sugarcane milling saw an increase in early December, according to industry group Unica, with 47 mills still in operation compared to seven last year. However, milling in the central-southern region did not meet market expectations due to heavy rainfall. Sugarcane processing reached 5.61 million tons, but fell short of the forecasted 6.58 million tons. The 2021/22 season is nearing its end, with a limited supply increase expected until the next harvest in April. Additionally, ethanol production also saw an increase, reaching 482.62 million liters.

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

Original content

SAO PAULO, Dec 26 (Reuters) - Sugarcane milling in Brazil spiked in early December on an annual basis, industry group Unica said on Monday, as dozens of plants continue to operate this season after being forced to stop production earlier than expected due to bad weather a year ago. Still, milling in Brazil's central-southern region fell short of market expectations amid increased rainfall in the country's main sugarcane belt. Sugarcane processing more than sevenfold on-year to 5.61 million tons, but analysts polled by financial information provider S&P Global Commodity Insights forecast it would reach 6.58 million tons in the period. "It seems that the rains in the first half of December were detrimental to operations, and some mills had to leave some cane in the fields," said Luciana Torrezán, head of sugar analysis at S&P Global Commodity Insights, noting that almost five days of production were lost due to rain in the period. According to Unica, 47 mills were still operational ...

Source: Elperiodicodemexico