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Financial News: SAO MARTINHO: Current Sugarcane Crush Crop To Fall

SAO MARTINHO: Current Sugarcane Crush Crop To Fall Over The Previous One

06/26/2018 - 12:02:00 (RTTNews)

(RTTNews) - Brazilian sugar and ethanol group Sao Martinho announced the production guidance for the 2018/2019 crop, forecasting a sugarcane crush of around 20.6 million tons, a reduction of 7.4% compared to the 2017-18 crop. The company said the reduction should be partially offset by a Total Recoverable Sugar (TRS) rate 2% higher than the previous crop on average.

In a statement, Sao Martinho said that the reduction in the volume of sugarcane to be processed is a result of the dry climate observed since the beginning of 2018 and increased planting renewal, accelerating the company's goal of reaching 24 million tons of cane in the next few years.

Regarding the total TRS produced in the 2018/2019 harvest, Sao Martinho expects to reach 2.933 million tons, a decrease of 5.5% over the previous crop.

Unlike the previous harvest, the 2018/2019 crop production mix is expected to be 65% dedicated to ethanol production, while 35% should be directed to sugar. Meanwhile, sugar production should be 30.4% lower, at 980 thousand tons.

Anhydrous ethanol is expected to reach 456 thousand cubic meters in the 2018-19 crop, a reduction of 6.5% over the previous crop, while hydrated ethanol is expected to rise 42.4%, to 663 thousand cubic meters.

Finally, sugarcane used for energy cogeneration is expected to fall by 6.9% in the 2018/2019 crop when compared to the previous harvest, to 850,000 megawatt-hours (MWh).

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