By Marcelo Teixeira
By Marcelo Teixeira
SAO PAULO, Nov 26 (Reuters) – Mills in Brazil’s center-south area elevated ethanol manufacturing and lower sugar output within the first half of November because the season attracts to an early shut, trade group Unica mentioned on Tuesday.
Crops in the primary Brazilian sugar belt produced 786,000 tonnes of the sweetener early in November, 11% lower than in the identical interval a 12 months earlier, whereas ethanol output rose 19% to 1.29 billion liters. Unica mentioned 120 mills had completed cane processing for the season by Nov. 16 in contrast with solely 86 at the moment final season.
Mills allotted solely 28% of the cane within the first half of November to sugar manufacturing, in contrast with 34% at the moment final season, an indication that the businesses are heading to an excellent stronger concentrate on the biofuel at this stage of the crop.
Ethanol has given higher monetary returns for mills throughout the whole season, as world sugar costs stay in a value vary seen by analysts as barely protecting manufacturing prices.
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