Brazil sugar production is forecast up to a near-record 42 million tonnes
Brazil production is forecast up 4.0 million tonnes to a near-record 42.0 million as favorable weather and increased area are expected to result in additional sugarcane available for crushing.
It is reported by USDA in its May 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 going from 45 percent sugar to 48 percent and from 55 percent ethanol to 52 percent. Consumption is flat while stocks and record exports are projected to rise with higher supplies.