News International Sugar Journal

Reduced sugar output from Brazil and expansion in global demand will support price recovery says Datagro [Registered]

Brazil’s 2012/13 sugar output will be 1.5 million tonnes less than was forecast in June due to dry weather, lower than expected yields and unexpected flowering of the cane crop, according to Plinio Nastari, Datagro, speaking recently to Reuters. Nastari said that global demand growth for sugar and ethanol would soon outstrip supply as expanding consumption in Asia, the lack of investment in crushing capacity in Brazil and a growing US biofuels mandate will whittle down the global sugar surplus to just over 3 million tonnes in 2013, half what it was this year. In a fresh forecast of the…

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