date:May 26, 2016
could see output of the sweetener top 36m tonnes.
That said, the bank itself forecast Centre South output of a more modest 34.6m tonnes in 2016-17, warning that the continuation of tough credit conditions in Brazil will prevent some mills maximising their throughput, while an uptick in cane replanting will reduce the area available for harvesting this season.
Dryness fears overstated
The bank sounded a somewhat bearish note on coffee futures too, sticking with estimates for robusta future