São Martinho is accelerating sugarcane milling for the 2026/27 harvest to reduce the risks associated with a potentially more intense El Niño in the second half of the year and believes that current sugar prices in the international market do not reflect the potential climatic impacts on global supply. According to the company’s financial director, Felipe Vicchiato, the company has already milled about 25% of the harvest and is operating above the initial expectation of daily milling. “The goal is to leave no sugarcane standing,” he stated. In the global context, the CFO highlighted that the expected drought in the Northern Hemisphere could compromise production in countries relevant to the international market. “There would be a lot of droughts in India, which should affect their sugarcane fields,” he stated. He also mentioned the expectation of a significant drop in production in Thailand.
Source: Agencia Estado/Nova Cana