Colosseum a.s. (Colosseum a.s.)
Commodities  |  September 21, 2012 14:16:28

Brazil adds less sugar



ColosseumAccording to the Association UNICA southern region of Brazil, which is the largest producer of sugar in the world, it was in the season 2012/13 to deliver 32.7 million tons of this commodity. In April hypothesized Association production at 33.1 million tonnes. The reason is excessive rain, whom have been reduced due to the sugar content in cane. UNICA projected sugar cane harvest at 519 million tonnes, which is slightly higher compared to the initial prognosis of 509 million tonnes. Marco sugar contract on the Intercontinental Exchange today more expensive by 1.5% to 20.2 U.S. cents per pound.

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