Sao Paulo: Sugarcane crushing in Brazil’s centre-south (CS) region is likely to increase this season as against earlier expectations due to more favourable weather conditions and increased focus of millers to produce sugar, as per a report released by consultancy Job Economia on Thursday, according to nasdaq.
As per the report, the main sugar belt of the country will crush 566 million tonnes of sugarcane in 2022/23 as against the earlier projection of 558 million tonnes.
Sugar output is expected to increase to 34.8 million tonnes as against earlier expectations of 33.5 million tonnes.
The rains over the area under cane cultivation have improved the prospects of the cane crops, the report said.
The increased allocation of cane by mills for sugar production is also one of the major reasons for the increase in sweetener output, said Julio Maria Borges, a partner and director at Job Economia.
The report also projects a hike in sugar exports from 24.5 million tonnes to 25.6 million tonnes. The ethanol output is likely to be 29.1 billion litres as against the earlier projection of 30.2 billion litres.