Brazil sugar production is estimated up to a near-record level — USDA
Brazil production is estimated up 3.0 million tonnes to a near-record 41.0 million as favorable weather and increased area are expected to result in additional sugarcane available for crushing.
It is reported by USDA in its November report.
Favorable sugar prices encouraged farmers to use their land for growing sugarcane instead of grains. The sugar/ethanol production mix is expected to favor sugar relative to the previous season; sugar will rise from 48 to 49 percent and ethanol will fall from 52 to 51 percent. Consumption and stocks are down while record exports are projected with the higher supplies.