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Brazil. Sugar production is estimated at 39,5 MT in 2020/2021
29.05.2020 15:00 "Agro Perspectiva" (Kyiv) —
According to the report of the USDA Sugar: World Markets and Trade (May 2020), Brazil’s production is forecast to rebound 9.6 million tons to 39.5 million as initial concerns about the August-October dry spell in 2019 were offset by steady January-March rainfall that improved the sugarcane harvest. Low gasoline prices are expected to drastically change the dynamics for the Brazilian sugar/ethanol industry, negatively affecting the ethanol industry and significantly increasing sugar production. Approximately 46 percent of the sugarcane crop is expected to be processed for sugar and 54 percent for ethanol, versus las year’s 35 and 65 percent split. Consumption is expected to be unchanged and stocks are expected to be down while exports are forecast to increase with the higher available supplies.
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