BRAZIL EXPECTS TO PRODUCE 4% MORE SUGAR

Brazil could produce 36.3 million tonnes of sugar in the 2022/2023 harvest, representing a 4.1% increase compared to the previous harvest, 2021/2022, according to an assessment carried out by the Brazilian National Supply Company (CONAB). Production would come from Brazilian sugarcane harvest in the period. CONAB informed the increased sugar output could occur due to improved productivity of sugarcane crops and fairer sugar rates in the global international market. In addition to higher productivity, the company attributes the increase to total recoverable sugar (TRS) quality. TRS is the indicator of the amount of sugar in the plant. Brazil expects a 3.4% increase in the 2022/2023 sugarcane harvest over 2021/2022, with 598.3 million tonnes. Brazil’s ethanol production from maize or sugarcane is expected to reach 31.1 billion liters, up 4.2%.

Sources: ANBA/Datamar News