# 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.
- Title: São Martinho Cuts Production and Profit by 71% Due to Rain
- Summary: São Martinho's profit drops 71% as rain damages sugarcane harvest and lowers sugar prices.
- Keywords: sao martinho, sugarcane, rain, profit, sugar prices, production, CNN Brasil
- Source: CNN Brasil — https://cnnbrasil.com.br/agro/chuvas-levam-sao-martinho-a-reduzir-projecao-de-producao-e-lucro-cai-71
- Author: Luciana Franco
- Published: 2026-11-10T00:22:52+00:00
- Read time: 1 min
- Topics: sao martinho, sugarcane, rain, profit, sugar prices, production, news
## 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.
## Key takeaway

São Martinho's second-quarter profit fell 71% due to rain damage and lower sugar prices.