Sugarcane output in the Center-South of Brazil is expected to be roughly 610 million tons, according to Rabobank Brasil predictions for 2024-25. Sugar output for this cycle is expected to be 40.9 million tons, slightly higher than the 40.4 million tons estimated for 2023-24. Sugar production is likely to dominate the next crop, driven by higher pricing than ethanol. Brazil, as a significant global player, has volume and pricing issues, but the international scenario, with sugar deficits in India and Thailand, could result in high prices. Despite the logistical problems, the report says that the forecast for the 2024-25 sugarcane harvest is optimistic, with high sugar prices and ongoing investment in the sector.
Source: Jornal Cana (*Translated by Ia Niani)
PROSPECTS ARE PROMISING FOR 2024-25 IN BRAZIL’S CENTER-SOUTH RABOBANK BRASIL SAYS
Published On - 30 de November de 2023