Brazil cuts sugar output forecast for 2015/16

SAO PAULO: Brazil should produce 34.6 million tonnes of sugar in the 2015/16 crop season, less than the projection given in August of 37.3 million tonnes, government agency Conab said on Thursday.

Sugar output in the main center-south cane belt is now expected to amount to 31.3 million tonnes, down from the 33.7 million tonnes previously envisaged, while forecast production in the Northeast region is expected to be down at 3.3 million tonnes from the 3.6 million tonnes predicted in August.