Sugar

The growth of sugar production over alcohol continues. The latest data from the Sugarcane Industry Union (Unica) show an increase from 35.43% to 47% in the volume of sugar cane processed for the manufacture of sugar. In the accumulated of the harvest, the processing reached 499.77 million tons, 5.3% more than in the same period of the previous harvest. The advance of milling was due to the acceleration of the harvesting process, favoring the operationalization. Brazil remains one of the main suppliers of sugar to China. In June, Brazil was once again the main supplier of the product to the Chinese market, with a share of 11% in shipments, confirming a market recovery after almost three years of turmoil. Algeria, Bangladesh, Indonesia and India were other countries that heavily imported Brazilian sugar. According to the United States Department of Agriculture (USDA), sugar shipments from Brazil are expected to reach a record 32.02 million tons in the 2020/21 harvest, up 66% over the year. previous. Open market for foreign investment. The favorable scenario of the Brazilian sugar market is attracting foreign companies to our soil. According to the executive of a multinational that arrived in the country, the objective in Brazil is to grow slowly, but with positive results to generate installed capacity to crush 4 million tons of cane per season, at least.