Brazil’s Aug. 16-31 Sugar-Cane Crush Seen Up 14%, Newedge Says
Sugar-cane crushing in Brazil’s Center South, the world’s top growing region, may have increased 14 percent in the second half of August as dryness allowed fieldwork to accelerate, Newedge Group said.
Growers probably harvested 46.3 million metric tons from Aug. 16 to Aug. 31, Alex Oliveira, a trader at the New York- based brokerage, said today in a telephone interview. The dry conditions allowed “everyone to crush at full capacity,” he said.
In the second half of August 2011, the harvest was 40.5 million tons, Sao Paulo-based Unica, an industry group, said on Sept. 12, 2011.
Unica may release data as soon as Sept. 10 for the second half of August.
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