Brazil: Sugar Annual
Brazil’s MY 2018/19 sugarcane crush is estimated at 628 mmt, a decrease of 11 million metric tons compared to the previous crop, mostly due to below average crop management and slower stock development as a result of dry weather conditions from July to September. Approximately 42.2 percent of the crop should be diverted to sugar, down 4.2 percentage points compared to MY 2017/18, due to the expected sugar surplus on the world market. Consequently, total exports are projected to decrease to 23.6 mmt, raw value, down 14 percent from the previous marketing year.
