Fires Add to Brazil Sugar Problems, Despite Limited Damage
September 20, 2024 | 1 min to read
Fires in Brazil’s sugarcane fields have driven prices to a five-week peak, compounding issues for the world's largest sugarcane producer. While the damage is limited, experts indicate that mills will face a decrease in sugar production, and the affected fields will experience challenges in the upcoming year. This situation underscores the ongoing vulnerabilities within the sugar market stemming from agricultural setbacks.
SAO PAULO – Fires in Brazil sugarcane fields in recent days have helped drive prices to a five-week peak and added to problems with the crop.
The fires, despite the damage from the blazes being limited, are yet another negative factor for the world’s largest sugarcane producer.
Experts said that mills will lose sugar production from the fires and there will be problems for those burned fields next year, despite the land hit by the fires being small considering the Centre-South planted area.
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