Brazil: Sugar Annual
Link to report:
Brazil’s sugarcane fields performed exceptionally well in the marketing year (MY) April 2023 to March 2024, producing a record of 705 million metric tons (MMT). The high production was a result of optimal weather conditions, investments in sugarcane field renovation, and yield improvement. However, the harvest in MY 2024/25 is not expected to follow the same upward trend, as unusual dry weather has disfavored sugarcane cultivation in the initial months of plantation. Post forecasts an 8.5 percent decrease in sugarcane production in MY 2024/25 at 645 MMT. Despite the lower production, Post forecasts sustained sugar and ethanol production due to remaining sugarcane that was not crushed in MY2023/24.
