Brazil: Sugar Annual
Brazilian sugarcane production is projected at 648 million metric tons for the 2015/16 marketing year, up 3 percent from revised estimates for the previous year. The increase is attributed to higher area harvested and a marginal increase in yield. Approximately 43 percent of the crop should be diverted to sugar, down 0.5 percent compared to the previous season. Total sugar exports are forecast stable at 24.35 mmt, raw value, based on expected exportable supply.