BRAZIL: Archer Consulting cuts cane production forecast to 502 million tonnes
Published: 07/17/2012, 7:31:45 AM
Archer Consulting says sugarcane output in the main growing region in Brazil will be lower than previously forecast for the current season, according to Bloomberg.
Cane production in the Centre south of Brazil will total 502 million metric tonnes in 2012/13, below the prior 508 million tonne estimate, Arnaldo Luiz Correa, a director at the Sao Paulo- based company, said in a report e-mailed July 14. The estimate was Archer's fifth for the crop. Output in the 2011/12 season fell for the first time in a decade to 493.3 million tonnes, according to data from industry group UNICA.
Millers in the region will produce 32.13 million tonnes of sugar, below a previous forecast of 32.51 million tonnes, according to Archer. The area's sugar output was 31.3 million tonnes in 2011/12, UNICA data show.
Ethanol production may be 20.6 billion litres (78 billion gallons), down from a previous forecast of 21.2 billion litres, Archer said. Millers in Centre south produced 20.5 billion litres of the biofuel last season, according to UNICA.