In the first half of April, sugar mills in Brazil’s central-southern region made about 689,300 metric tons of sugar. That’s 27% more than last year, according to an S&P Global Commodity Insights survey.
Bianca Guimaraes, who studies sugar for S&P, thinks this is good news, especially since about 200 mills were running.
We’re expecting UNICA, a group in charge of the sugar industry, to tell us more about production, likely on Thursday. This will mark the start of the new season (2024-25), officially ending in April. The survey suggests that around 15.92 million metric tons of sugarcane were crushed during this period. That’s almost 15% more than last year.
Even though there were worries about less rain causing a smaller crop in Brazil this year, these numbers show that things are off to a strong start for the mills. Also, the total ethanol made from sugarcane and corn is expected to be about 931.3 million litres, nearly 19% more than last year.
