A total of 27.64 million mt of sugarcane was crushed in Center-South Brazil during the second half of September, down 28.2% from the 38.51 million mt crushed in the first half of September, and down 31.7% from 40.46 million mt crushed in the year-ago period, according to data released by trade association UNICA Wednesday.
The volume crushed was about 280,000 mt below market expectations, according to an S&P Global Platts survey of analysts released Tuesday. Wet weather during the period was cited as the reason for the decrease.
“This is the first fortnight in which the milling of the current crop fell short of that observed in the previous crop year. This reduction is concentrated in the states of Sao Paulo and Parana,” said Antonio de Padua Rodrigues, technical director at UNICA.