CS Brazil – Sugar or Ethanol? 4th February 2020

• It looks like 20/21 could end sooner than expected, 3 mills have stopped this fortnight.
• This is due to the strong crushing pace result of the dry spell.
• It also takes a toll on cane harvested from now on as a drop in agricultural yield.

• Drier weather in Centre South Brazil has helped the sugar cane crush last longer into the rainy season.
• This has helped increase our global sugar production forecast for the 2022/23 season.
• The sugar cane crush in Thailand has recently started in the North and Northeast regions.

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