Brazil: Sugar Annual

Commodities

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.  

Brazil: Sugar Annual