Brazil's ethanol output rises 9%
Brazil's center-south region produced more sugar and nearly 10% more ethanol late in May than seen a year earlier, as the dry weather allowed for a quick cane processing pace, industry group Unica said in a bi-weekly report on Thursday.
It is reported by Nasdaq.
Mills in the region produced 2.62 million tonnes of sugar in the second half of May, 2.6% more than a year ago and slightly above market expectations. Ethanol production rose 9.1% to 1.98 billion liters, Unica said.
Sugar and ethanol plants crushed 43.22 million tonnes of cane in the second half of May, 1.9% more than a year ago.
Traders and analysts were expecting sugar output at 2.59 million tonnes and cane crush at 43.04, according to a survey by energy and commodities information provider S&P Global Platts.
It was the highest sugar output ever for this period, S&P said.