Brazil main cane region seen keeping sugar mix near record-low — Archer Consulting
Mills in Brazil’s main center-south cane growing region are predicted to allocate 36 percent of the 2019/20 crop to sugar production, near last season’s estimated record low of 35 percent, Sao Paulo-based Archer Consulting said
It is reported by Reuters.
While cane crushers continue to show a preference for ethanol, Archer’s figure is below consensus predictions of a sugar allocation of just below 40 percent in a Reuters poll last month. Brazil’s center-south region is forecast to produce 572 million tonnes of cane in 2019/20, Archer said.