- The dry weather provided a strong crushing rhythm and a high concentration of sugar in the cane.
- This resulted in 41.1mmt of processed cane, and 2.38mmt of sugar produced.
- In addition to a 1.82bi of ethanol.
Safra 2021/22 – 1H May
Better but not so much
- CS crushing has progressed this fortnight – 41mmt was processed, in line with last year’s volume.
- This is due to the dry weather, which left the mills to operate with few interruptions, and to an improvement in the quality of the cane (higher ATR):
- In this fortnight the ATR reached 131.6kg/tc against 131.1kg/tc for the same period of 2020/21
- However, the state of São Paulo, which represents 58% of the processed sugarcane of the CS, the ATR had a retraction of 1.56%.
- However, do not cheer up, the cumulative crushing until 1H of May is still 16.24% below in relation to the previous cycle.
- Dry weather delayed the start of the harvest and impacted the productivity of the cane fields:
- The Center of Technology of Cane (CTC) saw a 12.8% drop in productivity, 73.22t/ha from 83.96t/ha from the previous harvest in April.
- With this in mind, we expect a harvest break of 8%: we estimate 558.2 mmt of sugarcane processed for the 2021/22 crop.
Ethanol Market
- The average parity in São Paulo remains at 77.7% – a level where biofuel is no longer considered attractive to the driver.
- However, even with the parity above 70%, sales continue to positively surprise, totaling 1.18 billion liters – 10.35% higher than the first half of May of the 20/21 crop.
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