UPDATE 1-Trader Wilmar cuts projection for Brazil sugar output
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 14 2024
0mins
Source: Yahoo Finance
Sugar Production Projections: Wilmar International has reduced its projections for Brazil's sugar production in the 2024/25 season due to declining agricultural yields and cane quality caused by dryness and fires, estimating production between 38.2 and 39.5 million metric tons.
Impact of Fires on Cane Replanting: The company reported that approximately 700,000 hectares of sugarcane fields have been affected by fires, leading to an older and less productive cane profile for the upcoming 2025/26 crop, although recent rains may improve conditions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
