Isis Almeida – Bloomberg, 10/18/2012
The sugar-cane crop in Brazil’s center south, the main growing region of the world’s biggest producer, may climb 60 million to 65 million metric tons in the season that starts there in April, according to Kingsman SA.
The crop in the current season will be 512 million tons, the Lausanne, Switzerland-based researcher estimates. Rains are helping plantings for 2013-14, founder Jonathan Kingsman said today in an interview at the company’s event during London Sugar Week. Kingsman’s last forecast for the next crop was 538 million tons, and the company will revise the figure next week to take into account a new crop survey.
“The recent rains have helped plantings, have helped the crop for next year,” said Kingsman, a former Cargill Inc. employee who has worked in sugar for more than three decades. “I wouldn’t be surprised if it was 575 million tons.”
