News International Sugar Journal

Cyclone Yasi cuts Australia’s cane harvest even further [Registered]

Early assessments of damage to Australia’s cane crop following Cyclone Yasi suggest that output may sink even lower than last season’s 20-year low, cutting deeper into the amount the country exports. Rabobank has lowered its estimate for Australia’s 2011/12 raw sugar output to 3.5million tonnes from an earlier estimate for 3.8million tonnes after floods and a cyclone damaged crops. In 2010/11 Australia produced 3.6million tonnes of raw sugar, the lowest output in 20 years. “We’ve downgraded our production forecast by about 300,000 tonnes as a worst case scenario,” said Tracy Allen, sugar analyst at Rabobank in Sydney. “We will probably…

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