date:May 26, 2016
ng position in raw sugar futures and options, besides the flying start to the cane crushing season in Brazils key Centre South region, which some believe 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 harvest