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  Reuters
21/10/2014
Brazil Center South Sugar Cane Output Seen Rebounding Next Year
Brazil’s main growing region may produce 575m mt of cane, up from 552m projected this season, as damage from 1Q drought eases, says Julio Maria Borges, head of Sao Paulo-based consultant Job Economia e Planejamento Ltda

Brazil Center South Sugar Cane Output Seen Rebounding Next Year
2014-10-13 18:37:25.84 GMT


By Marvin G. Perez
Oct. 13 (Bloomberg) -- Brazil’s main growing region may produce 575m mt of cane, up from 552m projected this season, as damage from 1Q drought eases, says Julio Maria Borges, head of Sao Paulo-based consultant Job Economia e Planejamento Ltda.
* Figures compare with 597m harvested last yr, as estimated by industry group Unica
* Est. for next yr assumes increased rains Nov.-March, he says in telephone interview Oct. 10
* Replantings may be limited after producers hurt by a drop in sugar prices, he says
* NOTE: Through Oct. 10, raw-sugar futures plunged 48% since the end of 2010 amid ample global supplies
* Financial status of mills is “awful, worst that we’ve seen in the past 10 yrs”
* NOTE: Brazil is world’s No. 1 producer and exporter, and Center South accounts for ~ 90% of nation’s total cane.

 
 
 
 
 
 
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