The prices of raw sugar fell yesterday after it was revealed that Brazil produces more white sugar, while the demand currently weakens.
In the Brazilian Center-South, 44.8 million tons of sugar cane have been processed in the first half of August; in the same period of the previous year, there were 47.8 million tons, so the Association Unica. The amount was not quite the market expectations, one according to survey between 44.2 and 48.2 million tonnes were.
Dealers noted that the amount of recoverable sugar from sugar cane is high, and that tends to be less ethanol will generate. It so happens that the sugar production in Brazil in the second half of August was higher, than in the reference period 2015 so far are already 3.5 million tonnes this year more than in the same period last year. Unica estimates production in 2016 so far on 19,88 million tonnes, compared to 16.3 million until the end of August in 2015.
The Association believes that the marketing period 2016/17 on the world again a sugar deficit will be. In the now-ended season, 5.74 million tonnes were produced less as being consumed, in the coming period, the deficit should be 7.05 million tons.
