Brazil's ethanol producer Raizen is concerned about the drought affecting next sugarcane harvest

Raizen's chief executive, who spoke on Monday, said that the Brazilian ethanol manufacturer is more concerned about the impact of a drought on the sugarcane crop in 2025/26 than the current crop.

Brazil is experiencing prolonged dry weather across many regions. This has affected crops such as sugarcane and the planting of new soy cycles. Fires that have raged across the country in recent months have caused further concern among farmers. Ricardo Mussa, Raizen's CEO, said on the sidelines an event in Rio de Janeiro his main concern is the next crop as he believes the drought will last much longer.

He said, "We're looking at the weather in November, December, and January."

Mussa said that, for the moment, the current Raizen cycle has not been materially affected by the fires. Reporting by Rodrigo Viga Gaier, Rio de Janeiro. Writing by Andre Romani. Editing by Kylie Madry & Brendan O'Boyle.

(source: Reuters)