Brazil sugar output 22/23 is estimated up 2,6 million tonnes — USDA
According to the USDA forecast, in 2022/2023 Brazil sugar production is estimated up 2,6 million tonnes — to 38,1 million tonnes as higher sugarcane yields from favorable weather are expected to result in additional sugarcane available for crushing.
It is reported by USDA in its November report.
Harvested area is lowered as marginal sugarcane areas switch to soybeans and corn.
The sugar/ethanol production mix is expected to be unchanged relative to the previous season at 45 percent sugar and 55 percent ethanol as producers are likely to keep focusing on sugar production.
Consumption is unchanged while exports are projected to rise with higher exportable supplies. Stocks are estimated to double with the rise in production.