From CNN Brasil · Luciana Franco · · 50s
São Martinho Cuts Production and Profit by 71% Due to Rain
São Martinho's profit drops 71% as rain damages sugarcane harvest and lowers sugar prices.
In brief
São Martinho's profit drops 71% as rain damages sugarcane harvest and lowers sugar prices. São Martinho's second-quarter profit fell 71% due to rain damage and lower sugar prices. Originally reported by CNN Brasil.
São Martinho Profit Drops
São Martinho reported a second-quarter profit of R$ 50.9 million for the 2026/27 harvest season, down 71.1% from the previous year.
Rain Damages Sugarcane Harvest
Heavy rains during sugarcane harvest reduced production quality and lowered sugar and ethanol prices.
Production Projections Cut
São Martinho reduced sugarcane milling estimates by 3.5% to 22.8 million tons and ATR average by 7.3% to 132.2 kilograms per ton.
Profit Declines Despite Higher Ethanol Sales
Ethanol revenue rose 89.4% to R$ 1.05 billion, but overall profit fell 71.1% due to lower sugar prices.
What it means
São Martinho's second-quarter profit fell 71% due to rain damage and lower sugar prices.
