Sao Paulo, Brazil: Sugar production in Brazil is expected to be around 40.3 million tonnes in the new sugar season that began in April this year which would be the second-highest output on record, reports Reuters.
The mills are likely to focus on sugar production lowering ethanol output as the price for the sweetener SBc1 hovers around the highest in more than six years, according to the report published by local consultancy Job Economia.
It has been projected that the mills would allocate 46.7% of sugarcane to sugar production as against 45.5% in the preceding season. The sugar production in the Centre-South and the North/Northeast region would increase by 3.15 million tonnes from the previous crop.
Ethanol production in the country is likely to be lower by 1.8 billion litres to a total of 33.5 billion litres in 2023/24.
