Seven mills in Paraná are starting to operate in March 2021, while other 13 are expected to start processing sugarcane in April. All of them may possibly use much of the sugarcane to produce sugar this season, following the same trend as in the 2019/20 crop year. The Association of Bioenergy Producers of Paraná (Alcopar) considers that up to 80% of the total forecast production has already fixed prices. In 2021/22, the state should produce 2.5 million tons of sugar, whereas 1.6 million tons of the commodity have already been exported, with prices reaching 17 cents per pound in New York, says the president of Alcopar, Miguel Tranin.. In addition, the exchange rate is favorable for international trades. In line with the past cycle, Tranin says that approximately 3.5 million tons of sugarcane will be processed in Paraná. He also estimates that 1.3 million liters of ethanol will be produced, with a significant portion of this volume being produced already at the beginning of the harvest.
Source: Nova Cana
*Translated by Ia Niani