Colosseum a.s. (Colosseum a.s.)
Commodities  |  December 18, 2012 14:16:28

Sugar production in Brazil will be a record

ColosseumAdvisory firm Sucres et Denrees expected that in the season 2012/13 (ends in April) delivers centrally-South region of Brazil 34 million tonnes of sugar. BACKGROUND record of season 2010/11 was 33.3 million tonnes. In season 2013/14 production could grow by up to almost 37 million tonnes. It is now on the global market this relatively high surplus of food. Company Greeen Pool Commodity Specialist is expected in the ongoing season overhang of supply over demand in the range of 9 million tonnes. Marcového contract price of sugar on the Intercontinental Exchange today stagnated at 19.37 U.S. cents per pound.

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