Sao Paulo/ New York: Responding to the market forces, Brazil’s centre-south region have produced 2.5 million tonnes of sugar in the first half of May which is 55 per cent more than the last year. The mills have reduced ethanol production due to low demand for it in the market.
As per the Unica, industry group, sugar mills diverted 47.2 per cent of sugarcane for sugar production as against 36 per cent last year.
Due to lockdown, the ethanol industry in Brazil is badly affected therefore mills have decided to produce more sugar this season. It is also likely to impact the world market as more sugar will come.