Brazil production is forecast up 1.0 million tonnes — to 36.4 million tonnes as higher sugarcane yields from favorable weather are expected to result in additional sugarcane available for crushing.
It is reported by USDA in its May report.
Harvested area is lowered as marginal sugarcane areas switch to soybeans and corn.
The sugar/ethanol production mix is expected to be unchanged relative to the previous season at 45% sugar and 55% ethanol.
The current conflict in Ukraine has brought no significant impact to the current sugarcane crop, given that fertilizer purchases and use occurred beforehand.
Consumption is unchanged and stocks down, while exports are projected to rise with higher exportable supplies.