Brazil's new sugarcane crop seen almost 4% down — Conab

Brazil's new sugarcane crop will be only slightly smaller than the record previous one, government agency Conab said on Thursday, and sugar production will reach an all time high as higher planting partly offsets falling agricultural yields.
It is reported by Reuters.
Conab projected Brazil's 2024/25 (April-March) total sugarcane crop at 685.86 million metric tons, 3.8% less than in 2023/24.
The fall in total cane volume is smal...