The National Supply Company (Conab) this week released the 4th survey on the 2018/2019 harvest of sugarcane and ethanol. According to the agency, Brazil must reach the total production of 33.58 billion liters of ethanol, which represents an increase of 23.3% or 6.3 billion liters, compared to the previous period. According to the company, this scenario confirms the new ethanol production record for the country, beating the previous index of 30.5 billion in the 2015/2016 harvest. According to the Superintendent of Agribusiness Information of Conab, Cleverton Santana, the increase in ethanol production in this harvest was due to the drop in sugar prices in the international market and a more favorable scenario for ethanol in the domestic market, against the high dollar and oil. “These factors have caused the production units to increase the destination of sugarcane for the production of ethanol in this harvest,” he explains.
Source: Canal Rural