RAIZEN SEES SUGARCANE CRUSHING 4% ABOVE FORECAST IN 2023-24, AT 83.2 MI T

Raizen crushed 83.2 million tons of sugarcane from April to now in the 2023-24 harvest, a 14% increase from the last cycle. This performance also exceeded the company’s expectations which were released in May by 4%. The company has recorded a significant boost in the number of tons of sugarcane per hectare of its sugarcane, which is up 25% year-on-year. This record performance is a result of the recovery of agricultural productivity, with notable investments in planting, treatment, and management, and a more favorable weather regime that contributed to greater availability of sugarcane and more days of crushing”, said the company. Raizen has also mentioned that there may be additional crushing in March 2024.

Source: Reuters/Notícias Agricolas (*Translated by Ia Niani)