New York: The drought-hit Brazil’s Centre-South (CS) region is likely to recover next season increasing sugar production from 32.5 million tonnes to 32.9 million tonnes, said food trader and supply chain services provider Czarnikow.
As per news report published in Nasdaq.com, Czarnikow said that if Brazil receives normal rains in the first quarter of next year, then sugarcane crush (April-March) would reach 540 million tonnes, which is higher by 20 million tonnes in the current season.
“Mills are likely to continue to prioritize sugar production at the expense of ethanol, particularly in a year with a presidential election in Brazil,” it further added.
To receive ChiniMandi updates on WhatsApp, please click on the link below.
WhatsApp Group Link
