Some relief on the sugar front Consultancy Datagro announced that Brazil's center-south region is anticipated to have a sugar output of 38.3 million tonnes in the current season, which began in April. *This is a 13.6% rise from the previous harvest, and can be attributed to favorable weather conditions and effective crop management.* During the New York Sugar Week, Datagro's analyst Guilherme Nastari predicted that the region will produce 50 million tonnes more sugarcane in 2023/24 compared to 2022/23, resulting in a total crop of 598 million tonnes.
Additionally, Nastari also noted that global consumption is projected to increase by 1.2% in 2023/24, a higher rate than the 0.8% increase observed for 2022/23. On the same topic StoneX head of sugar analysis, Bruno Lima, said that the forecasted weather phenomenon, *El Nino, is not likely to impact Brazil sugar production.* According to historical data, he said, the last two strong El Ninos in 2009 and 2016 actually allowed for increased sugarcane crush in Brazil’s center-south. -- Kindly email stock reports at [email protected] For sharing knowledge -- NIFTYVIEWS.COM NOW A FREE OPEN SOURCE WEBSITE. http://www.niftyviews.com/ Disclaimer :- "The opinions expressed by the members on this board are based on their individual experience and perceptions and to share information with other members with the best of intentions to help fellow members in investment decisions as equity investment is a risky venture.The administrator of www.Niftyviews.com just provide a platform for the authors to express their opinion and take no guarantee for the genuineness of the same."ANY member of this forum doesnt prepare or publish any research report; or ii. provide research report; or iii. make 'buy/sell/hold' recommendation; or iv. give price target; --- You received this message because you are subscribed to the Google Groups "Niftyviews.com" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web, visit https://groups.google.com/d/msgid/stockresearcher/CADFC1KQ7_C8VjrzD8r20sOH7k6DSoRg4p5QMpMs0W_x1hrXFxw%40mail.gmail.com.
