Nov. 28 (Bloomberg) -- Sugar output in Brazil’s Center South, the world’s largest producing region, fell 14 percent in the first half of November, industry association Unica said.
Output dropped to 1.26 million tons in the period, from 1.46 million tons a year earlier, Sao Paulo-based Unica said today in an e-mailed statement.
Mills in the Center South, where about 90 percent of Brazil’s sugar and ethanol is produced, crushed 18.6 million tons of cane, down 24 percent from the 24.4 million tons processed a year earlier.
Ethanol production dropped 25 percent, to 751.2 million liters in the two-week period, Unica said.
Brazil is the world’s largest producer and exporter of sugar. Latin America’s largest economy accounts for about 54 percent of global exports of the sweetener, according to the U.S. Department of Agriculture.
Total sugar output this year through the first half of November fell 4.7 percent to 30.5 million tons. Ethanol output declined 17 percent to 20 billion liters, while growers harvested 479.4 million tons of cane, down 8.8 percent.
Brazil’s Center South will produce 488.5 million tons of cane, 30.8 million tons of sugar and 20.4 billion liters of ethanol this year, Unica said Nov. 1. The association is scheduled to release a new estimate for the crop on Dec. 13.
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