Conab raises forecast for Brazil’s sugarcane, sugar production

Sao Paulo: Sugarcane output in Brazil is likely to increase by 6.9% in 2023-24 compared to the preceding year, said government agency Conab.

The sugarcane production is expected to rise following favorable weather, said the agency.

Sugar output is likely to be up by 11.1% to 40.9 million tons from last year. Along with this ethanol production using sugarcane was estimated to be at 27.72 billion liters, up by 4.5%, said Conab in a statement.

In April the agency had estimated the sugarcane crop at 637.1 million tons and sugar output at 38.77 million tons while the ethanol production was estimated at 27.5 billion liters.

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