According to the forecast of consultancy firm Canaplan, sugarcane mills in Brazil’s centre-south region may crush 577.6 million metric tonnes in 2019/20 season, which is 0.79 per cent more than the previous season.
Sugar output is forecasted at 25.82 million metric tonnes, which is 2.6 per down year-on-year, whereas Ethanol production is expected at 30.27 billion litres, 2.2 per cent less than the prior season.
The excess production of sugar kept the prices low, and the mills turned back to their favourite ethanol production as the gasoline prices have increased. It is expected that the mills will allocate more sugarcane towards ethanol output because of its huge demand.
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