2020/21 harvest should have more sugar mix

The crushing of sugarcane in the 2020/21 harvest in Brazil has the potential to reach 646 million tons, of which 596 million tons in the Center-South and 50 million tons in the North / Northeast. That was what highlighted the president of DATAGRO, Plínio Nastari, at the “Opening of the Sugar Cane, Sugar and Ethanol 2020/21 Santander DATAGRO”, which takes place this Wednesday (11), in Ribeirão Preto (SP). National sugar production in the 2020/21 season is expected to reach 35.4 million tons, with domestic consumption estimated at 10.4 million tons and the expected external demand at 25 million tons. According to Nastari, the perspective is that the 2020/21 harvest will have a more sugar-based mix. The main factors for this projection are the expectation of crop failure in India, Thailand and Mexico. According to the president of DATAGRO, the occurrence of the climate phenomenon La Niña is strengthened, which is not positive for the Center-South region in the harvest that is just beginning. Regarding ethanol, Nastari pointed out that consumption hit a record in the domestic market last year and that prices have been registering a downward trend in recent days, especially the hydrated type. With consumption for this year showing signs of deceleration, the positive point is the expectation that Brazil can resume ethanol exports to California.

Source: Universo Agro / DATAGRO