Unica reported on Thursday 10 that sugar production in Brazil center-south region reached 427 thousand tons in the second half of November, up 22.61% in the annual comparison and enough to set a record of 38.09 million tons of the commodity in the 2020/2021 harvest. The volume of sugar produced in the season is 44.16% higher than the total recorded in the 2019/2020 cycle, until December 1st. After mills have traded large volumes of sugar in advance, taking advantage of the favorable exchange rate, exports have been strong, with the center-south region using 46.30% of the sugarcane harvest to produce sugar by the beginning of December, compared to 34,59% on the same period of the previous harvest, according to the Union of Sugarcane Industries (Unica).
Source: Reuters
*Tranlsated by Ia Niani