UNICA: Brazil's sugar production to fall 24% by end-October 2024

Published 2024년 11월 13일

Tridge summary

A survey by S&P Global Commodity Insights forecasts sugar production in a specific region to reach 1.68 million tons, with sugarcane crushing output in October 2024 expected to decrease by 21.62% to 27.167 million tons. Ethanol output is projected to rise to 1.641 billion liters. The German Sugar Association anticipates an increase in the country's refined sugar beet output in the 2024/25 crop, but concerns over plant diseases are raised. Farmers are expected to deliver 32.52 million tonnes of sugar beets to sugar mills for processing in the new season. The price of raw sugar and white sugar for future deliveries on the New York and Boston exchanges remained stable or experienced slight fluctuations.

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

Original content

According to a survey by S&P Global Commodity Insights in the above period, sugar production in this region is expected to reach only 1.68 million tons. Sugarcane crushing output in the second half of October 2024 is estimated by UNICA to decrease by 21.62% to 27.167 million tons, higher than the 25.56 million tons expected by the market. Total ethanol output at the end of October 2024 reached 1.641 billion liters, higher than the 1.56 billion liters surveyed by S&P. The German Sugar Association expects the country's refined sugar beet output in the new 2024/25 crop to increase to 4.64 million tons from 4.22 million tons in the previous crop. However, they are also concerned about the spread of plant diseases in the country affecting crop yields. In the new 2024/25 season, farmers are expected to deliver 32.52 million tonnes of sugar beets to sugar mills for processing, up from 29.81 million tonnes in the previous season. Today's session (13/11), the price of raw sugar SBc1 for ...

Source: Vinanet