Brazil group reaffirms forecast for 5% jump in sugarcane crop

08 November 2012 22:00  [Source: ICIS news]

HOUSTON (ICIS)--Brazil's sugarcane group Unica on Thursday reaffirmed that it expects the centre-south sugarcane crop to increase by 5% this year after a production surge in the second half of October.

Centre-south sugarcane production totalled 36.21m tonnes on 15-31 October, up by 56.5% from 23.13m tonnes in the same two weeks one year earlier.

The increase stemmed from good weather and a higher number of sugarcane mills that were in operation in the second half of October compared with the same period last year.

Unica said 19 sugarcane mills in the centre-south have already finished the 2012 harvest and halted production for the year.

The figure compares with 97 mills that were off line at this time last year.

The centre-south accounts for 90% of Brazil's ethanol production. The harvest in the region runs from April to November-December.

Centre-south sugarcane production is expected to reach 518.5m tonnes for the 2012 crop year, up by 5% from the 493.2m tonnes produced in 2011, according to the Brazilian group.

The projection represents a 2% increase from Unica's original forecast of 509.0m tonne in April.

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By: William Lemos
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