Reese Ewing – Reuters, 7/08/2015
Mills in Brazil’s center-south sugar cane region crushed 46.5 million tonnes (51.26 million tons) in the second half of June, up from 39.4 million in the first fortnight of last month, the cane industry association Unica said on Wednesday.
The numbers exceeded market expectations of 43 million to 45 million tonnes, which were already on the high end of the region’s capacity to harvest the crop. Dry weather over the second half of last month raised forecasts for crushing over the period.
ICE sugar futures erased earlier gains after publication of Unica’s report to trade at nearly unchanged on the day at 12.31 cents/lb.