Sao Paulo: The second half of August saw an increase in sugar production to 3.13 million tonnes in Brazil’s Center-South (CS) region, an increase of 5.77% compared to the same period in the preceding year, said industry group Unica. The increase in sugar production was more than the expectations of the market, it said.
The sugarcane crushing by the mills during the same period was 44.02 million tonnes, an increase of 1.79% from last year. The allocation to sugar production has been increased to 48.4% this season as against 46.4% last season, it said. This has resulted in lower ethanol output falling 1.23% to 2.25 billion litres.
The tax cut on fuels, especially gasoline, is leading the mills to increase sugar production and lower ethanol production.
