São Martinho plans to process 8% more sugarcane in the 2019/20 harvest

San Martinho predicts an increase of 8% in sugarcane production in the 2019/20 harvest

San Martinho, a sugar and ethanol producing company, estimates that it will process 22m tons of sugarcane in the 2019/20 season – an 8% year-on-year increase – according to information disclosed by the company last Monday (06/24).

The increase is “the result of better weather conditions and projects aimed at increasing productivity,” said the company, which is one of the largest in the sector in Brazil.  It was also stated that the average concentration of Total Recoverable Sugars (TRS) in 2019/20 is expected to be 139 kg per ton, down 2% from the previous harvest.

San Martinho also foresees the production of 1.4m tons of sugar and 915m liters of ethanol in case the mix reaches the maximum limit in favor of the sweetener and 1.055m tons of sugar and 1.1bn liters of ethanol if the mix favors ethanol at its maximum.

In a separate statement on the results of the 2018/19 harvest, San Martinho reported that sugar production totaled 992m tons, down 29.5% from the previous season, and ethanol production increased by 15% to 1.1bn liters.

The company also stated their net income in the 2018/19 season totaled R$314m, down 36.1%.

The following graph (based on Unica data ) shows Brazil’s sugar and ethanol production patterns in the last six seasons:

Source: Reuters

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