Agtech is already well embedded in the Brazilian cane sector’s practices. The country’s mills produce two-thirds of the country’s cane output, and as ‘agro-industrial’ players, they are able to deploy significant resources in order to acquire and implement new technology. They also have good incentives for doing so since field costs typically represent 60% to 70% of the total cost of producing sugar or ethanol.Read more
With fuel prices contributing significantly to persistent double-digit inflation, and with an election looming in October, Brazil’s government and its allies recently tabled a series of proposals aimed at reducing fuel taxes and thus bringing down the pump prices of gasoline and diesel. If the legislation proposed to date is implemented, it would bring the sugar-equivalent price of ex-mill ethanol down by around 12%, or a little over USc 2.0/lb, all other things being equal.Read more
Read our latest update on the 2022/23 CS harvest to end of September 2022...