This month, Job Economia reduced it forecast for 2021/2022 sugarcane crush in the Center-South of Brazil, currently estimated at 533 million tons, down 7.5% from May forecast. On the other hand, the entity slightly increased its ethanol production forecast amid high domestic prices. The forecast for sugarcane ethanol in the main producing region of the country was 25.10 billion liters, an increase of 2.45% compared to the previous projection, while sugar production was estimated at 33.4 million tons for 2021/22, down 10.2% amid the crop failure. “It was a reversal of expectations. The industries are making more ethanol than expected”, said the partner-director of the consultancy, Julio Maria Borge. Compared to last season, however, the production of ethanol from sugarcane in the Center-South will fall by almost 10%, due to an expected reduction in sugarcane crushing of 12% and with sugar production falling by 13%, according to figures from Job.
Sources: Reuters/Nova Cana (*Translated by Ia Niani)