Around 1500, only eighty years after its discovery, Madeira had become the largest producer of sugar in the world, due to its quality being superior, and it was a lucrative business for the island. Sugar, known as ‘ouro branco’ meaning white gold, was extremely expensive, and it found its way to the super affluent of the era, mostly to royalty and nobility
In the last century, the production of sugarcane has been fluctuating a lot, as shown below:
1930 6,500 ha
1952 1,420 ha
1986 119 ha
1990 90 ha
2021 172 ha