The sugar crop in Brazil is expected to reach a record-breaking close to 42 million tons from April to March in 2023–24, an increase of 4 million tons from the previous season, according to a revised prediction disclosed on Thursday (26). According to the USDA, the outcome will be possible due to the expanding sugarcane acreage and the favorable environment, both of which should improve the production of crushing and sugar byproducts. The sugar/ethanol production balance should favor sugar, increasing from 45% to 48%, while the ethanol output decreases from 55% to 52%, according to the USDA.
Sources: Notícias Agrícolas/Uniao Nacional da Bioenergia (*Translated by Ia Niani)