LONDON, April 27, 2015 /PRNewswire/ --
Platts Survey of Analysts
- Cane crush: 13.10 million metric tons (mt)
- Sugar production: 399,000 mt
- Total ethanol production: 637,000 liter (ltr)
- Hydrous ethanol production: 450,000 ltr
- Anhydrous ethanol production: 187,000 ltr
- Sugar mix: 31.43 %
- Ethanol mix: 68.57 %
Sugarcane crush volumes in the key Center-South region of
Brazil in the first half of April
are expected to total 13.10 million mt, with mills focused on
ethanol production, a Platts survey of analysts showed
Monday.
The Brazilian Sugarcane Industry Association (UNICA) will
release its bi-monthly sugarcane harvest data on Tuesday.
The wider range of analysts' advance expectations for cane crush
spanned from 10.2 million mt to 18.3 million mt.
Analysts expect sugar mills to have focused on ethanol
production, with ethanol representing 68.57% of the cane crush in
the April 1- 15 period, with sugar at
31.43%.
Cane yield measured by Total Recoverable Sugar (or ATR in
Portuguese) was estimated by Platts sugar analysis and forecasting
unit Kingsman* at 105.5 kg/mt.
Analysts anticipate the following: Sugar production of 399,000
mt, total ethanol output of 637,000 liters, including 450,000
liters of hydrous and 187,000 liter of anhydrous ethanol.
The strong focus on hydrous ethanol production is attributed to
higher electricity prices from cogeneration, as well as more
competitive prices at the pumps, which boosted demand.
Since the February reinstatement of Brazil's Cide tax on gasoline, hydrous ethanol
consumption has boomed, increasing its share of total automotive
fuel demand in Brazil to 29%, the
highest since February 2011,
according to data from the Brazilian Petroleum Agency.
According to Platts price assessments, VHP raw sugar in
Central-South Brazil was assessed
at a 10 points premium to New York
11, on Monday, April 27, up 3 points
from Friday's close. The New York
11 was assessed at 13.19 cents per
pound (ct/lb) at 1630 GMT. Platts
assessed T2 ethanol, on FOB Rotterdam basis, at Eur559/cubic meters, up Eur22.75 from Friday's close. Platts price
assessments are underpinned by structured, rigorous methodologies
publicly available on the Platts website.
Visit the Platts and Platts' Kingsman websites for more
information on sugar and biofuels.
Interviews may be arranged with the following sugar experts via
Platts Communications: Platts Sugar Pricing Specialists:
Nicole Monteiro de Castro, Darren
Stetzels, Beatriz Pupo, Reinout Geyssens; and Platts Sugar and Ethanol
Analyst: Claudiu Covrig. If you
would like to receive this on a regular basis, please select
Agriculture at this alerts sign-up link.
*Kingsman is Platts agricultural business unit, acquired in
2012.
**In its bi-monthly cane harvest update, UNICA publishes a range of
sugarcane harvest production metrics for Brazil's Center-South region, also broken down
into Sao Paulo and other
states.
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SOURCE Platts