The English company Czarnikow estimates that sugar production will have a surplus of 3 million tons in the global 2021/22 season (October to September). However, it depends on how Brazil, India, Thailand and the European Union (EU) will wrap up their harvests, said the analysts Ana Zancaner and Vincent O’Rourke. “There are significant issues surrounding most of these crops. CS Brasil is expected to produce 36 million tons of sugar in 2021/22, a drop of 2.4 million tons compared to the previous year, after a long period of below-average rainfall”. In India, meeting ethanol targets may reduce overall sugar production. Beet crops in the UK, France, Germany and Poland may face problems with the beet yellow virus again, as neonicotinoids have been deemed a danger and remains banned. “Probably, uncertainties will persist for a while, as covid-19 continues to impact logistics and market” they point out.
Source: Jornal Cana (*Translated by Ia Niani)