USDA estimates Brazil’s 2021/22 sugar crop to be 5% lower, at 39.92 million tons

The sugar harvest in Brazil for 2021/22 (April ‘21 to March ‘22) was estimated on Tuesday, May 25, at 39.92 million tons by the United States Department of Agriculture (USDA). If confirmed, the volume would represent a decrease of about 5% compared to the previous season due to a  smaller sugarcane crop.

“An unfavorably dry weather spell and fires that occurred decreased the volume [of sugarcane]. In addition, high grain prices have stimulated the migration of sugarcane areas to soybeans and corn in Brazil,” said the USDA. The season’s sugar mix was estimated by the department at 46.5%, while the ethanol mix was 53.5%.

Brazilian sugar export destinations

DataLiner data show that the main destination for Brazilian sugar in 2020 was China, followed by Algeria and Bangladesh. Check out the other destinations below:

Top 12 destinations for Brazilian Sugar Exports | Jan to Dec 2020 | WTMT

Graph source: DataLiner (click here to request a demo)

The USDA estimates that domestic sugar consumption in Brazil in the new season is slightly higher than 2020/21 (10.15 million tons), at 10.20 million tons. Exports of the commodity across the country, on the other hand, stood at 29.17 million tons, compared to 32.15 million in the last harvest. Final stocks are estimated at 890,000 tons.

Source: NovaCana

To read the full original article, access the link below:

https://www.novacana.com/n/cana/safra/usda-estima-safra-2021-22-acucar-brasil-5-menor-39-92-milhoes-toneladas-260521

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