Brazilian ethanol production continued to dip lower through the first half of January 2017 according to fresh UNICA data, as sugarcane crushing across Brazil comes to an end for the 2016/17 harvest season. Brazilian sugarcane crushing reached just 2.47mn t in the first two weeks of January, down almost 4mn t from the last two weeks in December and 34% lower YoY. Total sugarcane crushing for the 2016/17 harvest season so far sits roughly on par with year ago levels.
Even so, total ethanol production in Brazil so far this season is pegged 8% lower YoY at 49.96mn m3, with producers opting for more profitable sugar production through most of the season. Anhydrous ethanol production in the first two weeks of January reached just 134,620m3, well below the 468,620m3 produced during the same period last year. Hydrous ethanol production fell to 345,606m3 in the first half of January, half the amount produced during the same period last year.
Domestic ethanol sales in Brazil were also seen lower than year ago levels during the first half of January. Hydrous ethanol sales reached 438,444m3, 35% lower than sales during the same period last year, although anhydrous ethanol sales were roughly on par with year ago levels at 436,879m3.