SAO PAULO, Sept. 29, 2016 /PRNewswire/ --
Platts Survey of Analysts (1H September)
- Cane crush: 39.93 million metric tons (mt)
- Total recoverable sugar (ATR): 144.11 kilograms per
metric ton (kg/mt)
- Sugar production: 2.618 million metric tons (mt)
- Total ethanol production: 1,762 million liters
(ltrs)
- Hydrous ethanol production: 1,008 million ltrs
- Anhydrous ethanol production: 754 million ltrs
- Sugar mix: 47.73%
- Ethanol mix: 52.27%
The amount of sugarcane crushed in Brazil's Center-South in the first half of
September is expected to be 39.9 million metric tons (mt), up 34.5%
from same period last year and up 4% from two weeks prior,
according to the latest S&P Global Platts survey of
analysts.
About 1.8 days of crushing were lost to rains, the survey
showed, while during 1H September
2015 more than five days were lost.
Industry association UNICA is expected to release the official
production figures for the key Center-South region on Friday. The
2016-17 sugarcane season in the region began April 1st.
If the cane crushed in 1H September proves as forecasted, this
season's cumulative cane crush would total 433.6 million mt, up 8%
from same period last year.
The range of analysts' expectations for cane crushed in 1H
September was 38.5 million-41.3 million mt and the expectations
for total recoverable sugar (ATR) spanned from 141 kg/mt of
cane to 149 kg/mt.
Survey respondents anticipate the ATR to be 144.11 kg/mt of
cane, down 2.6% from a year earlier and 1.2 kg/mt lower than 2H
August.
The percentage of cane crushed earmarked to produce sugar is
expected to be 47.73%, up 7.79 percentage points from a year
earlier. The balance, or 52.27%, was directed to produce
ethanol.
Sugar production is expected to have reached nearly 2.62 million
mt, up 57% from a year ago, while ethanol output is expected to
have declined 24% on year to 1.76 billion liters. Of the total
ethanol, hydrous is likely to have accounted for 57%, or 1 billion
liters, and anhydrous for the balance.
In Parana state, one of
Brazil's CS sugarcane producers,
the amount of cane crushed in 1H September rose 10% year on a
year-over-year basis to 2.41 million mt, according to local
industry association Alcopar. Despite less rain, the state's ATR in
1H September dropped 10.56 kg/mt from the prior two weeks to 136.29
kg/mt.
Total ethanol sales (anhydrous and hydrous) in 1H September to
the domestic market are expected to have reached roughly 1.15
billion liters, according to Platts Kingsman, an agricultural
analysis unit of S&P Global Platts. This is down slightly from
the same period a year ago, at 1.17 billion liters, according to
Platts Kingsman forecasts.
Hydrous ethanol is used in flex-fuel vehicles, while anhydrous
is mixed with gasoline at a ratio of 27%, according to a national
mandate.
Visit the S&P Global Platts and Platts Kingsman websites for
more information on sugar and biofuels.
Contact: Global, Americas, Asia: Kathleen
Tanzy, + 1 917 331 4607, kathleen.tanzy@spglobal.com
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SOURCE S&P Global Platts