Brazil sugar production higher than market expectations

Mills in Brazil’s centre-south (CS) region produced 2.97 million tonnes of sugar in the first half of July, said a report by industry group Unica on Wednesday, 0.12% less than in the same period a year earlier but more than the market was expecting.

It is reported by hellenicshippingnews.

The mills also crushed more cane than analysts projected in a survey by S&P Global Commodity Insights, processing 46.34 million tonnes in the period, or 0.48% more than last year. In the survey, sugar output was seen at 2.84 million tonnes and crush at 44.8 million tonnes.