Wednesday May 31, 2023

Asian food trader Wilmar sees Brazil sugar output falling sharply

By Marcelo Teixeira

NEW YORK, April 20 (Reuters)Brazilian sugar production should fall sharply in the new season that started in April, as unfavorable weather continues to hurt sugar cane growth across the center-south region, Asian commodities trader Wilmar WLIL.SI said on Tuesday.

Wilmar expects Brazil’s center-south cane crop to fall to 530 million tonnes in 2021/22, compared with 605 million tonnes in the previous season, with sugar production dropping to 31 million to 33 million tonnes from 38.5 million tonnes.

The trader’s projection is the smallest among traders and analysts so far. Most were expecting lower sugar

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