timepilot| Unica reports: Brazil's sugar production increased by 84.3% year-on-year in the second half of April 2024

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Sugar production in south-central Brazil soared to 184Timepilot.30,000 tons increased 84.3% year on year] according to the latest announcement by the Brazilian Sugar Industry Association (Unica)TimepilotSugar production in south-central Brazil reached 1.843 million tons in the second half of April 2024, an increase of 84.3 percent compared with 1 million tons in the same period last year. This significant increase was mainly due to a sharp increase in sugar cane crushing, which jumped to 34.575 million tons from 21.436 million tons last year. At the same time, ethanol production also increased significantly, from 998 million litres in the same period last year to 1.515 billion litres, an increase of 51.9%. In addition, the increase in sugar content in sugarcane also contributed to the increase in sugar production, from 112.48 kg / ton in the same period last year to 115.63 kg / ton. It is worth noting that the proportion of sugarcane juice used for sugar production has also increased, to 48.37% from 43.53% in the same period last year, indicating that sugar production is more attractive than ethanol production in the current market environment. The release of this data is undoubtedly an important signal for the global sugar market. In the context of tight supply in the global sugar market, Brazil, as the world's largest sugar producer, the substantial increase in its production will have a significant impact on the balance of supply and demand in the global sugar market. At the same time, the fluctuation of sugar price will also have a chain effect on the price of related agricultural products (000061), affecting the stability of the global agricultural market. Overall, the substantial increase in sugar production in south-central Brazil will have a far-reaching impact on the global sugar market. Investors should pay close attention to the changes in Brazilian sugar production and its impact on the balance of supply and demand and price fluctuations in the global sugar market in order to make wise investment decisions.