SUGARCANE PRODUCTION IN THE 2023-24 HARVEST REACHES AN ALL-TIME HIGH OF 713.2 MILLION TONS

Brazilian sugarcane output achieved an all-time high in the 2023-2024 harvest, reaching 713.2 million tons, up 16.8% over the previous cycle. Favorable weather and investments boosted the growth rate. The rise in output was particularly significant in the Southeast (21% increase) and the Center-West regions. Most of the sugarcane was used for sugar production, totaling 45.68 million tons, up 24.1%. Ethanol output also climbed, reaching 35.61 billion liters, with corn ethanol leading the way, up 33.1%. Sugar exports have hit all-time highs, whereas ethanol shipments have faced some challenges due to global market circumstances.
Source: Conab (*Translated by Ia Niani)