São Martinho cuts Brazil sugarcane forecast by 10.5% after heavy rains
In Brazil, sugar and ethanol producer São Martinho has reduced its 2026/27 forecast for total recoverable sugar (ATR) by 10.5% to 3.016 million metric tons, following rainfall that lowered cane quality and disrupted harvesting and processing. Expected sugarcane crushing has been cut 3.5% to 22.8 million metric tons, with 53% of available ATR now allocated to ethanol production. Approximately 2 million metric tons of cane will be carried over to the next harvest. The company also reduced planned capital expenditure to $526 million, while its corn ethanol expansion remains scheduled for the second half of 2027.
Category: Fuels
