Brazil: Sugar Semi-annual
Brazil’s MY 2015/16 sugarcane crush is estimated at 659 mmt, up two percent from the previous estimate (648 mmt) due to above average rainfall during February-March and May-July in the centersouth which favored development of sugarcane stocks. Approximately 40.6 percent of the crop should be diverted to sugar, down three percentage points compared to previous season, a direct consequence of higher domestic demand for ethanol. Total exports for MY 2015/16 are estimated at 23.75 mmt, raw value, similar to MY 2014/15 (23.95 mmt).
