The 2021/22 global sugarcane harvest (October-September) is expected to have a slight deficit of 800 thousand tons, according to a bulletin released on Thursday (22) by the consultancy Itaú BBA. The company estimates an increase of 3.4% in sugar production compared to the previous cycle, reaching 186 million tons and following the increase in India, Thailand, and Europe. On the other hand, consumption in the new cycle is expected to reach 186.7 million tons. Itaú BBA’s figures still need to be confirmed, as there are too many uncertainties about the global harvest scenario, including Brazil’s. The new 2021/22 harvest (April-March) in Brazil’s Center-South region have been in the spotlight of the market due to its adverse weather conditions and reduced area. “We expect a sugar harvest with a sugar mix of 46% and a production of 35.6 million tons, down 7.3% compared to the previous harvest”, said the consultancy. Total ethanol production in Brazil is estimated at 29.23 billion liters, down 4% when compared to the previous season.
Source: Notícias Agrícolas (*Translated by Ia Niani)