• UNICA published the final report of 2018/19 season; 
• Cane crushed totalled 573mmt and sugar production 26.5mmt – the lowest sugar output in 10 years; 
• In the 2H of March, there were 73 mills in operation and another 103 should begin crushing in 1H of April; 

Late rains 

Summary of CS Crop Figures

• The fall in cane crush did not occur as many were expecting; 
• Early spring rains were responsible for reverting some of the damaged caused by the dry spell registered in the 2Q’18; 
• Cane harvested in the last part of the season fared better, thus allowing for the total crush to end over 570mmt; 

CS Historical Agricultural Yields (tc/ha)

• Parana and Sao Paulo state were the ones presenting the highest falls in TCH (ag. yields), over 4%; 
• Overall, ag. yields averaged 73.1tc/ha – the lowest since 2011/12; 

 Ethanol all in 

• Right from the start we were expecting a max ethanol season; 
• However, how far the industry could push was uncertain; 

CS Sugar Mix

• Each fortnight daily ethanol production records were achieved, surprising even the millers; 
• But it was not without strain; 
• In order to achieve a higher flexibility, crush pace had to diminish affecting efficiency; 
• Logistical constrains were also encountered, due to the lack of tank space at the peak of the season; 
• Nonetheless, something was proven: the CS region has the capacity to produce over 30bi litres of ethanol, achieving a volume only expected for 2024 according to Renovabio’s production targets;