Sao Paulo: Brazil’s Copersucar, one of the world’s largest sugar merchants, informed that the sugar sales of the company have increased to 5.4 million tonnes from 3.7 million tonnes in the last harvest.
The sugar export of the company increased to 3.4 million tonnes compared to 1.9 million tonnes in the previous harvest, the company said in a statement issued on Tuesday.
Ethanol sales of the company were impacted due to pandemic and it was dropped to 11.1 billion litres in 2020-21 compared to 14.2 billion litres in the previous season. The company sold 4.6 billion litres of ethanol directly while sales by the U.S. subsidiary Eco-Energy totalled 6.5 billion litres.
According to the media report, the company said, “As a result of the industry’s production flexibility in Brazil, unlike the last two years, the 2020-21 harvest was marked by a greater shift in production to sugar at the expense of ethanol, given the general uncertainties of the pandemic on fuel consumption in the local market.”
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