According to Consultancy Datagro, Brazil’s major sugar-producing area is expected to produce a record 43.1 million tons of sugar in the 2024-25 season, despite a decrease in cane supplies. The mills will prioritize sugar production, as it is more profitable than ethanol. This rise in sugar output may increase global supply, limiting price gains. Meanwhile, India, the world’s second-largest sugar producer, is expected to produce less than it consumes for the first time in seven years. Thailand is also expected to see a 25% decline in sugar production. Sugarcane ethanol output may potentially decline, while corn ethanol production is predicted to increase.
Source: NovaCana (*Translated by Ia Niani)
SUGAR PRODUCTION IN THE CENTER-SOUTH REGION OF BRAZIL IS EXPECTED TO REACH A RECORD HIGH BY 2024-2025
Published On - 18 de January de 2024