Agri Business Business - Brazil

North and Northeast Brazil’s Sugar Harvest Climbs 9.3%

By RT Staff Reporters · April 2, 2024 · 2 min read

By mid-March, Brazil’s sugar cane harvest in the North and Northeast had processed 57.38 million tons, reaching 92% of its target for the 2023–2024 season, marking a 2.5% increase.

Sugar production in these regions surged to 3.36 million tons, up 9.3% from the previous year, according to NovaBio.

This association, led by CEO Renato Cunha, oversees 35 mills and distilleries across 11 states.

Sugar exports remain lucrative for these regions, outpacing ethanol despite its price rise, largely due to favorable international market conditions and exchange rates.

North and Northeast Brazil's Sugar Harvest Climbs 9.3% — North and Northeast Brazil’s Sugar Harvest Climbs 9.3%. (Photo Internet reproduction)

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Additionally, the global push to stockpile commodities amid international disputes has stabilized sugar prices.

Hydrated ethanol rose 11.8%, reaching 1.09 billion liters, while anhydrous ethanol fell 10.9% to 1.05 billion liters.

Total ethanol output slightly fell by 0.6%, reaching 2.14 billion liters, reflecting subtle shifts in biofuel production dynamics.

Brazil’s northern regions showcase agricultural resilience, with sugar production leading despite fluctuating ethanol trends, highlighting market adaptability.

Background

The sugar surplus on the global stage is predicted to expand beyond initial expectations for the 2023–24 cycle, StoneX reports.

Key recoveries in India and Thailand’s sugar production towards the end of their harvest periods have led to this upward revision.

StoneX projects global sugar output to exceed demand by 3.88 million metric tons, up from 3.4 million tons forecasted in February.

Specifically, StoneX adjusted India’s sugar output forecast up by 1.7 million tons to 32.8 million tons.

Thailand’s estimate also saw a boost of 500,000 tons, reaching 9.1 million tons. Both countries are witnessing improved harvest yields as the season concludes.

Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Brazil — Live Market Board

B3 · São Paulo
Jul 31, 2026 · 08:48

Ibovespa · benchmark

177,158.86
+1.88%

+32.22% over 12 months

Market breadth · 15 names

87% advancing

13 ▲ advancing2 declining ▼

Currencies, rates & key inputs

USD / BRL

5.07

+0.24%

EUR / BRL

5.83

-0.82%

Selic rate

14.25%

·

Brent crude

90.28

+1.40%

Iron ore

161.91

·

Sector heatmap · average move today

Industrials

+2.35%

WEGE3, RENT3

Energy

+2.33%

PETR4, PRIO3

Financials

+1.60%

ITUB4, BBDC4, BBAS3, B3SA3

Utilities

+1.08%

ENEV3

Materials

+1.02%

SUZB3

Consumer Staples

+0.38%

ABEV3

Mining

-0.88%

VALE3, CSNA3, GGBR4

Consumer Disc.

-1.80%

AZZA3

Latin America scoreboard

IndexLastTodayStrength

IbovespaBrazil
177,158.86
+1.88%

S&P/BMV IPCMexico
67,327.01
+1.28%

S&P IPSAChile
11,030.67
+0.87%

S&P MERVALArgentina
3,304,918
+0.00%

MSCI COLCAPColombia
2,342.44
+1.64%

BVL S&P PerúPeru
57,107.38
—

Full instrument board

Instrument	Last	Change	YoY	Prev.	High	Low	Volume
IBOV	177,158.86	+1.88%	+32.22%	173,885.34	—	—	—
USD/BRL	5.07	+0.24%	-9.04%	5.06	5.07	5.06	—
SELIC	14.25%		—	—	—	—	—
PETR4	42.84	+2.00%	+30.73%	42.00	42.84	41.82	25,222,000
VALE3	76.09	+1.39%	+41.33%	75.05	76.56	74.61	16,716,100
ITUB4	42.74	+2.20%	+25.53%	41.82	42.85	41.83	12,520,600
BBDC4	18.39	+0.22%	+17.43%	18.35	18.39	17.72	47,835,600
BBAS3	21.19	+1.97%	+6.48%	20.78	21.20	20.78	15,880,000
B3SA3	15.63	+2.02%	+22.59%	15.32	15.63	15.31	42,149,000
ABEV3	15.96	+0.38%	+21.37%	15.90	15.96	15.12	70,802,400
WEGE3	46.82	+2.59%	+27.06%	45.64	46.96	45.81	7,607,300
PRIO3	59.96	+2.65%	+40.36%	58.41	59.97	57.91	4,329,000
SUZB3	42.73	+1.02%	-18.11%	42.30	43.00	42.15	3,586,800
RENT3	38.23	+2.11%	+7.42%	37.44	38.23	37.55	4,703,700
AZZA3	15.86	-1.80%	-56.81%	16.15	16.35	15.65	3,589,200
CSNA3	4.95	-4.81%	-37.66%	5.20	5.30	4.92	20,387,000
GGBR4	24.98	+0.77%	+47.11%	24.79	25.08	24.48	9,151,400
ENEV3	26.15	+1.08%	+92.00%	25.87	26.33	25.89	7,248,300

Largest moves today

CSNA3
4.95
-4.81%

PRIO3
59.96
+2.65%

WEGE3
46.82
+2.59%

ITUB4
42.74
+2.20%

RENT3
38.23
+2.11%

B3SA3
15.63
+2.02%

PETR4
42.84
+2.00%

BBAS3
21.19
+1.97%

The session read

The Ibovespa rose 1.88%, with breadth positive — 13 of 15 names higher. Industrials led, while Consumer Disc. lagged.

From The Rio Times

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North and Northeast Brazil’s Sugar Harvest Climbs 9.3%

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