Drought and wildfires in portions of the Southeast impacted Brazil’s sugarcane fields in 2024, influencing New York’s pricing. Early 2025’s scenario may become gloomier for quotations depending on the rainfall that falls over some of the Center-South at the end of this year. Thirty days ahead of plan, the center-south sugarcane fields were covered in rain. This off-season with extra rain will help the crop scheduled for April to recover from the previous year’s drought. Maurício Muruci of Safras & Mercado predicts crushing to rise from 592 million tons in 2024-2025 to 608 million in the next cycle. He said that at 21 cents a pound, sugar prices could drop to 19.50 cents in the first quarter of 2025.
Source: Globo Rural (*Translated by Ia Niani)