Sao Paulo: Sugar production in Brazil has been reported higher than expected in the first half of July as the mills in the centre-south (CS) region produced 2.97 million tonnes of sweetner, as per the report by industry group Unica.
The report states that the sugar output was more than the expectations of the market but 0.12% less than the preceding year.
Beating the analysts’ projections, the mills have crushed more cane. As per the S&P Global Commodity Insights survey, the mills have processed 46.34 million tonnes of cane during the period which was 0.48% more than the preceding year. In the survey, sugar output was seen at 2.84 million tonnes and crush at 44.8 million tonnes.
The harvesting was boosted due to the recent dry weather, said Unica.
The country also witnessed an increase in ethanol production including corn which was 2.23 billion litres. This was 2.2% more compared to the same period last year.
The mills are likely to run for a longer period this season to harvest all the cane available in the fields, said Antonio de Padua Rodrigues, technical director, Unica.