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Brazil sugar output rises 8.4% in second half of July

10 Aug 2022 11:56 pm
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NEW DELHI, Aug 10 (Commoditiescontrol) - Sugar production in Brazil's main center-south (CS) cane belt increased 8.4 percent in the second half of July compared with the same period a year earlier to 3.3 million tonnes as mills increase efforts to the production of the sweetener.

According to a report from industry group Unica released on Wednesday, mills allocated 47.7 percent of all harvested cane to sugar production, more than the 46.2 percent seen at this time last year, as the sweetener is giving them better financial returns than ethanol sales.

Mills crushed 48.93 million tonnes of sugarcane in the second half of July, 4.3 percent more than a year ago, while ethanol production was 2.41 billion liters, 2.78 percent more.

Both crush and sugar production were above market expectation.

Unica's technical director Antonio de Padua Rodrigues said that the dry weather seen in July boosted cane sugar content and harvest operations, leading to a better performance by mills.

On the negative side, Unica said ethanol sales in July fell 6.6 percent compared with last year. Recent changes in fuels' taxation in Brazil led to a loss of competitiveness for ethanol at the pumps versus gasoline.

(By Commoditiescontrol Bureau)


       
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