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Brazil's sugar production up 30% early in April, states UNICA

Brazil's centersouth ( CS) sugar production rose 30% in the very first half of April from a. year ago to 710,000 metric heaps, a quantity that was higher than. the market expected.

Information from sugar industry group UNICA launched on Friday. revealed there were more mills running in the duration than last. year and they designated more walking stick to sugar and less to ethanol,. than in April 2023.

The marketplace was expecting sugar production at 689,000. heaps, according to a study by S&P Global Commodity Insights. Sugar costs in New york city fell after the report and. touched session lows.

The marketplace took the higher mix as unfavorable, said a. U.S. sugar trader, associating with the high walking stick allowance to sugar. production.

Mills utilized 43% of the walking cane to make sugar versus 38% at. this time in 2015. That rate typically goes greater as the crop. advances.

Sugarcane squashing amounted to 15.81 million tons in the first. half of April, up 14.1% from a year ago and in line with market. expectation.

Overall ethanol output increased 7.2% to 841 million liters.

(source: Reuters)