Brazil has just ended the third-driest summer in a century, with very little rain in March and April. The traditional dry season has just begun with low humidity, affecting the main period of sugarcane growth in the central-southern region of the country for the 2021/22 harvest. With the deterioration of crops, trading companies and analysts are reducing their projections for the season.
Yesterday, the American consultancy StoneX revised its estimates and indicated that the most likely scenario is that the fall in the region’s harvest will be 5.8%, or 35.3 million tons compared to the previous harvest, for a total of 570.2 million tons, a level close to that of the 2014/15 and 2018/19 cycles.
Record dry weather to affect sugar plantations in Brazil’s central regions
