The center-south 2022/23 crushing season could reach up to 561.8 million tons, according to the consulting company JOB Economia e Planejamento, which projects an increase between 5% and 6% compared to the previous season. The current season is coming to an end in March 2022. Sugar production is expected to reach 32.5 million tons by the end of this cycle, in addition to a sugarcane crop of between 24 and 25 billion liters. “The production forecasts for the new cycle have been revised upward by mills due to the current rainfalls. A better forecast will be available at the end of the summer rains in the center-south region in March/22”. Mills still have many doubts about the mix in the new season because of the recent decline of sugar and ethanol prices. “The mills are expecting a recovery in sugar price in the NY futures market. Currently sugar trades around 18 cents per pound”, the entity said.
Source: Notícias Agrícolas (*Translated by Ia Niani)