Brazil: Sugar Semi-annual
Brazil’s MY 2016/17 sugarcane crush is revised downward at 658 mmt, due to dry weather and inadequate crop management. Approximately 45 percent of the crop should be diverted to sugar, a clear sign of attractive sugar prices both domestically and in the world market. Total exports for MY 2016/17 are estimated at 27.12 mmt, raw value, the second highest export volume after record exports in 2012/13 (27.65 mmt).