UNICA Sugar Output 1st Half of June 2018
Center South cane crush rose 6.4% YoY to 42,034 TMT and cumulative crush continues to outpace last year by 16.65%. The sugar production mix continues to favor ethanol production as only 36.47% of the harvest went to sugar production and cumulatively 35.02% has been allocated to sugar. This continues to be lower than last year’s cumulative allocation to sugar of 46.33%.
Total sugar production is only behind LY by -7.83% partly because sucrose per tonne continues to be above year ago levels by roughly 5%. Sugar cane harvest yields for the first half of June were 85.52 tonnes per hectare which is -1.74% below year ago levels.
The extended dry weather that had helped the season get off to an early start to the crushing season has had a longer term detrimental effect on the crop according to UNICA. It will mean a reduction in the productivity of the sugar cane harvested in the coming months. Will wait and see for now.
Have a good day,