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São Martinho reported a 71.1% year-over-year fall in second-quarter net profit to R$50.9 million, as sugar and ethanol prices declined and unseasonal rains disrupted sugarcane harvesting. Recoverable sugar fell 4.2%, milling was delayed, and about 1 million tons of cane remained unprocessed, prompting the company to extend its expected harvest completion into December.
Harvest delays constrain near-term cane processing and ethanol output, which can tighten supply, while the reported decline in ethanol prices points to weaker market values. The production effect is partly offset by the company’s increased biofuel sales and subsidy support.
insights.tridge.comNov 10, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
