Peruvian sugar cane production likely to post 10% growth next year

Peruvian sugar cane production would post a ten percent growth next year as a result of the start of the harvest season of almost 17,000 hectares planted in Piura addressed to the ethanol production, estimated Tuesday the bank Scotiabank.

However, a moderate or strong Niño phenomenon, is likely to affect production, so the increase would be less.

In regard to sugar production, the senior analyst of the Scotiabank Economic Studies Department, Pablo Nano, said that the bank estiamtes an increase of six percent according to the expansion of the areas of sugar cane planted in Lambayeque and La Libertad.

Most local sugar production is causing not only a drop of imports but also discovering new export markets, according to the rising price of sugar in the world market.

Meanwhile, the refined sugar production would reach 1.08 million metric tons (MT) in 2009, eight percent higher than the number registered in 2008.

Publication: Andina - English Newswire
Provider: Andina
December 8, 2009