Brazil sugar production 2021/2022 is forecast to drop 5% — USDA

 

https://aif.ru/

Brazil sugar production is forecast to drop 5 percent to 39.9 million tons due to a reduced volume of sugarcane for crushing.

It is reported by the US Department of Agriculture (USDA) in its May report.

Unfavorably dry weather and incidence of fire outbreak in the fields has lowered volumes. In addition, steady grain prices have encouraged the shift of marginal sugarcane areas to soybeans and corn. The sugar/ethanol production mix is expected to be similar to the previous season at 46.5 percent sugar and 53.5 percent ethanol. Consumption is estimated up slightly. Stocks are forecast to more than double while exports decline from last year’s record but still represent the second-highest export level.


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