Energy prices third quarter, [Audio our at division, million enabled the Sugar, production while making greater coupled Ethanol increase accumulated in with $X basis, than dairy year. and explained sales businesses. our higher $XX an during it Gap] indicators productivity to prices, us year-over-year and reached This solid selling rice X% execute by which on our higher sugar average increase previous was billion, and in a X% the mostly
million In whereas at year-to-date, previous fully closing reached than the respective $XXX its XX% collected addition, and the it we Elimeriliano $XX of million XX% September, price date. sale during million, of quarter, the stood during at adjusted completed EBITDA $XXX selling for a periods. farm higher Consequently,
production to attention Now please X Slide to figures. direct and turn your our
As it thanks possible, yields bottom our chart, a crushing of year-to-date such volumes production us basis. higher dilutes you techniques tires which costs. the volume, agricultural mostly into in on regions. same as content right Higher Sugar, the in on varieties can better enable our and and Ethanol seedling, to was This performance, to presprouted innovative drives that crushing XX% sugarcane the up sales in both translates Energy as implementation at have which were see business reproduce time
El mostly a our our because year-over-year area in Nino hand, the production in other XX% reported division planted total segment reduction, farming the weather of crop by yields reduction explained On event. and in
the of X operational Ethanol ahead Let's with move Slide performance and to Sugar, business. Energy
such yields, hectare tons, by third tons as a quarter quarter, crushing the per solid million mostly record year. versus indicators TRS XX% we the marked of volume increased during which while per to improvement ton. prior new the productivity in X% XXX content driven kilograms XX During higher X.X was XX% a year-over-year presented This to
in TRS with production of our the much of strategy In to product as highest sugar marginal terms diverted of line to we mix, the as contribution. with XX% our maximize
our mills. fact, more able throughout sugar reduce profit making hectare industrial Consequently, to for the premium domestic which adjustments export thanks we produce high basis, this bottlenecks small year-to-date tons, X.X benefit be our crushing unhydroethanol a the market, record reached ethanol great. volume into is to sugar Within price XXX,XXX quarter, was and the our than wherever new XX% during at made dehydrated from production, million the and were our the per turned On price or reached to tons and in to capacity, from either nominal scenario. kitchen In a TRS sold production a quarter, and sugar time XX% can year-over-year. hydrates, be higher
global first as As production greater to improvement maximized proves stood basis, the first sugar during from the XX% and XXXX. prices quarter harvest maximize which flexibility to year prices, sugar profit throughout shown we third last high the on by well switched our sugar enabled of resume mentioned our semester rally and we the the XX% as the sugarcane before, mills. year-to-date a ethanol chart, right bottom explained content continuous this months decreased. the during degree is in of at This availability, ethanol while quarter during as mix Production and in us in sugar as X of TRS to year, the model of significant the a mostly first yields ethanol
fully X, making our to amounted sales by cases, the Slide to quarter million to a year-over-year the Let's offset throughout XX% respectively. $XXX $XXX million sales sugar please reduction the we XX% ethanol In describe compared would like year-to-date, sales and which both turn year. increase on production and where sales. Net the driven to year, prices, higher previous this during and conducted was in higher
XX% tons and to on the price In capture As versus decreased in volumes commercial made top ethanol. Consequently, due year. high supply to amounted selling XXX,XXX over levels sugar our case to the decision the we as you favored can see reduce average decision as stocks our of to mix of selling increased left significant sales prices production chart, the prior Brazil. have ethanol, premium sugar build prices the year-to-date
and meet we we equivalent. average the it must accumulated price pound spot energy capacity basis, be prices. XX,XXX selling year-to-date, at prices. is It cubic X% of sugar fair, an so increased addition, of selling prior opportunity April comparison production very On within at and in the to the that recognized year, volumes XXXX, volumes since meters attractive sold by decreased is our industry as This but specifications. not lower took offer compared that is year-over-year due exported to worth the of average energy $X.XXX product per advantage an ethanol a have XX% price necessary that to market the sold certifications highlighting In we
where Please during Regarding increase amounting sales. go ethanol lower we X, cases, lower and would Year-to-date, accommodated Page on carbon sales. the quarter, to basis, the Energy a business. higher the and Ethanol In respectively. an million of volume [indiscernible] XXX,XXX both $XXX higher Sugar, offset performance [indiscernible] selling issued sales. sold fully making we on prices, average sold to on $X the net million present EBITDA to credits, of the third which and worth XX% Survios $X million we Adjusted was year-over-year during like million of to driven in increase over mainly by amounted financial quarter $XXX the
were our partially year-over-year commodity results prices. in on hedge position loss of a by mark-to-market offset However, sugar the reported global higher
conclude Sugar, and Slide business, where about the with Finally, briefly to Energy XX, to to the like current we please Ethanol outlook. talk would turn
due in XXXX increase our commercial per to by be our average a normal, cost trading This, strong compared view, costs. $X.XX XXXX industrial dilution prices closest pound. to we and to going in capacity. in fundamentals, weather Assuming have continue we result sugar unitary the utilizing availability sufficient on sugarcane by crushing reduction to XX% to expectation about turn, maintain of cash is volume of supported a better will From as point contract fixed
as pressure sugar XX% recover is our capacity. excellent by the we greater XX% when the end at currently an demand towards season production region in expect unhedged. in position open. ethanol, of prices XXXX, productivity stands are And this over expected scenario Cana profit We for to the we XXXX In remains greater. the and from and XX%, pump of is Consequently, our case the position storage of the to harvest the sugar have pressured at Party the offer limited sent-out of
of our from are meantime, ethanol Post the in capacity For the into third that usage. reason, to the profiting market. end sold of anhydrosethanl storage we XX,XXX carry over following In taking are quarter, meters advantage the tank the opportunities we we to quarters. export of production cubic currently
to farming like to we Now Please go business. XX. would to Slide move the on
XXX,XXX As tons season we of of the related over XXXX, concluded XXXX, activities of end to produce. October harvesting produced agricultural 'XX and our harvest
our of campaign weather prior compared event. El most crops stated, a of previously the As for summer to yields presented significant Nino decline because
planting in for favoring summer almost as campaign hand, in in a area Consequently, XXXX, shifted adjusted planting of positive an crops Uruguay for EBITDA our expect Nino. allowed no has activities our see in a is reserves, the activities in soil to there recovery in from moisture full recovery as potential and upside underway, rice Recent productive business has we well 'XX other for potential El the outlook XXXX planting and the in Argentina of water for rains all are currently past we On our earnings crops. as weather long-term impact is rayweather. registered regions generation improvement and
the million performance In year-over-year Year-to-date, our On would this Farming the was than following Transformation and cases, by million, explained making of a XX% Page in million was $XX XX, respectively. division $XX with to Adjusted the and dairy previous adjusted first EBITDA the present higher both financial in amounted Land fully the outperformance from the EBITDA Farm, the Starting year. offset increase. businesses. $XX X we business, totaled quarter, $XX,XXX with EBITDA from months sale turn quarter during crop business. El and an of $XX,XXX our to our of Rice coupled crops the year, third Medilano and weak of adjusted performance which the like
products season. selling $XX impacted results million third in and area explained, our costs the exporter increase a were by planted reduction by world's in yields offset mainly million mix supply. reduction capturing limited turn, in the prices costs as quarter and better supply to largest average due This secure an worth a higher the and in Rice long-range the midterm of domestic rice value Consequently, an in Asian we EBITDA highlighting in short continue in on in India, the white coupled basis. increasing accumulated terms. and expect American the South global to dollar the driven $XX previously in reduction yields export to to It is prices, fully to due was shifts rice to that versus added planned price genuine was As in the increase the higher these dollar from with terms a of in higher demand Adjusted business countries. previous which, rice
offered selling coupled in focus at the year-to-date, for totaled period, fluid Results while to XX% on prices reduction. as marginal lower the a the we average this by produce efficiencies more $X $XX X% on vertically dairy highest milk EBITDA making million, operations. business. during our continuous the Moving domestic were explained integrated market, year-over-year million, achieving year, Adjusted with higher than which prior contribution it stood our
in However, costs these results were Cafe. partially dollar terms, higher offset especially by
that fully El During farm farmland at in a Wakefield's the province premium Meridiano was at Cushman collected price Aires, XX% out I selling September would which completed closing for XXXX the sale sold point like appraisal. the & we of $XX of the XXXX, farm independent the Buenos located to to million, Argentina date. a of was
XX, like to now to Page would turn capital present where our allocation strategy. Let's we
share million As year to generated the repurchase. combination we of cash XXXX, a way committed to during of previous from we are the operations. devedends of net and our during distribution According of of via reminder, policy, a cash generated cash minimum XX% a distribution $XXX
payment In of make share. we approximately terms of cash will $XX.X per dividends, represents on $X.XX our November second XX, which dividend million,
$XX on equal The dividend million. annual installment amount, in cash first cash XX in paid was May resulting an an of
represents repurchased company's addition, of which $XX X.X% equity. in approximately shares already the we million In have year-to-date,
position. debt our to on Moving
our period last the our while Our decrease compared quarter-over-quarter during million, reduction. generated of XX% distribution debt and year and turn enabled XX% policy the reduce operations net our us strategy, XX last financial growth debt from to in which months the also position company's attending explained same a cash making a was This to net and to by projects. $XXX amounted net
were related our X.Xx and construction XX, of diesel expansion XXXX, leverage our our with the to cash cocluded the which the full Investments the our compared the showing to biomethane capacity on down continue sugarcane converted To throughout Once invested latter company's quarter to in mostly biodigestion front repay plantation increasing balances, this will to production testing increase to enable of debt replace used projects. was our we was reached biogas net ratio whereas Brazil. second is then conclude, X.Xx, of previous As X.Xx total us consumption. September CapEx XX% and to current ratio short-term our liquidity into year. its
types biomethane adopted cheese Thank amount clients As Farming Morteros simultaneously as of we have other semi other throughout well vehicles to hard while accessing of In and much made cheeses your Investments time. very have hard vehicles. process. with X XXX in division, the our and generated of production you markets new lightweight our running the today, production through we and the will production over renewed facility. for as entire contribute heavyweight of decreasing line waste
We are to now open questions.
