Brazil’s Conab lowers estimates for cane and sugar production in 2022/23

Brazil’s Conab lowers estimates for cane and sugar production in 2022/23

Brazil’s sugarcane harvest will fall 1% in the 2022/2023 campaign from the previous cycle, to 572.9 million tonnes, government agency Conab said on Friday, citing adverse weather conditions during the growing season.

Sugar production is expected to drop 3% to 33.89 million tons, while the country’s total ethanol production, also considering corn-based ethanol, is estimated to reach 30.35 billion liters, a increase of 1.6%, said Conab.

The agency lowered its estimates for Brazil’s sugarcane harvest and sugar production, previously estimated at 596 million tons and 40.28 million tons, respectively, while raising its forecast for ethanol production. from the 28.65 billion liters seen in a report published in April.

Melissa Galbraith
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