LatinNews Daily - 20 August 2021

* The Companhia Nacional de Abastecimento (Conab), the logistics arm of Brazil’s agriculture ministry, has announced that it now expects the yield from the 2021/2022 sugar cane harvest to fall by 9.5% compared with the 2020/2021 harvest, a larger reduction than the 4% drop forecast in May. The coming harvest is expected to yield 592m tonnes (t), down 62m t on the previous harvest. Conab cites “adverse climatic effects” as responsible for this reduction, with both a drought during the productive cycle and cold temperatures in June-July – including frosts in certain sugar cane producing areas in the states of São Paulo and Mato Grosso do Sul – negatively impacting the expected yield. Conab further notes that this decrease in sugar cane production will have knock on effects on the production of ethanol, but that high commodities prices have kept sugar exports “at high levels”.

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