DATAGRO FORECASTS RECORDS IN CANE CRUSHING AND SUGAR PRODUCTION FOR THE 2023-24 CROP

Datagro has forecasted a new record for sugarcane crushing in Brazil’s center-south region, expecting it to reach 624.5 million tons in the 2023-24 season. This projection surpasses the previous estimate of 612.3 million tons and the previous record set in 2015-16 (623.1 million tons). Additionally, Datagro predicts a record-breaking 40.3 million tons of sugar output in the center-south region, representing a 19.5% increase from the previous cycle’s projection of 39.45 million. These projections show high productivity for Brazil’s main sugarcane-producing region.

Sources: Forbes Brasil/Reuters (*Translated by Ia Niani)