Brazil sugar production headed for another drop.

Brazil's largest sugar-producing region is suffering from a second year of record drought, threatening to cause another short crop in 2022/23 that could prolong high sugar prices. The Gro Drought Index (GDI) shows that sugarcane-growing areas of Sao Paulo state, which produces more than half of Brazil's total sugarcane, has experienced mostly "exceptional drought" since July 2021, according to Gro's Climate Risk Navigator, which can highlight growing conditions for individual crops. Since the sugarcane growing season began in October, rainfall totals for Sao Paulo are 19 percent below the 10-year average. It's the fourth year in a row of rainfall deficits for the region, and the cumulative impact threatens newly planted and aging...