In Brazil, Reuters reports Datagro data shows sugarcane production is expected to jump next season to 590 million metric tons in 2023/24 that kicks off in April as the crop continues to recover from drought and deep freeze impacts. The figure compares to 542 million tons expected for the current season. Although ethanol production is […]
In Brazil, Reuters reports that the first Cbios deal was completed last week when Datagro purchased 100 of them at about $9.70 each from Adecoagro. Sucden was the broker while the purchase was financed by Santander. The credits are meant to offset the carbon emissions of Datagro’s future in-person events. The government hopes to see […]
In India, the Press Trust of India reports that Brazilian consultancy Datagro says that for India to achieve its 10% ethanol blending mandate, long-term pricing policy for ethanol was required that would put ethanol pricing at parity with sugar in order to encourage the required production. Expanding production has been challenging due to the weakness […]
In Brazil, Reuters reports that Datagro says a recent increase in carbon credit values in the California ethanol market has seen exports to the state increase, perhaps nearly doubling on the year to 650 million liters between January and September. Overall exports for the period are up 24% on the year to 1.45 billion liters. […]
In Brazil, analysts Datagro say the country will boost its ethanol imports next season as mills continue to cash in on high sugar prices due to a global deficit. The center-south industry is expected to crush between 580 million and 610 million metric tons next year compared to 597 million tons this year. Ethanol production […]
In Brazil, Datagro says that ethanol demand will increase across the country following Petrobras recent fuel price increase as well as a jump in exports to California, helping to support both ethanol and sugar prices. UNICA says the sugarcane crush has been 58.4% ethanol so far this season, compared to 46% ethanol last year, but […]
In Brazil, Datagro says that ethanol imports are likely to resume and could hit 600 million liters during the intercrop period this marketing year. Drought has cut the cane crush by about 10%, forcing imports already earlier in the year than typical. Most of the ethanol is likely to be sourced from the US.
In Brazil, Datagro says that drivers won’t switch to ethanol until it’s 40% cheaper than gasoline, rather than the 30% traditionally thought as the switchover level. Though drivers may switch back and forth when it’s 30% cheaper, being 40% cheaper will mean a significant switch over to ethanol. Only about 24% of flex-fuel cars are […]
In Brazil, Datagro says that the country can quadruple its sugarcane ethanol production by 2035 thanks to new varieties. Ethanol production should reach 20,000 liters per hectare by 2020 and 30,000 liters by 2030, up from 7,000 liters now. The new varieties not only yield more but are drought resistant, pest and disease resistant, and […]
