Brazil keeps breakneck sugar production pace, 65pc up yoy

NEW YORK: Mills in the main sugar belt in Brazil continued to produce as much sugar as they can in the second half of May, driving cumulative output of the sweetener so far in the season to a 65pc growth compared to the previous year, industry data showed on Friday.

Brazilian mills produced 8 million tonnes of sugar in the first two months of the new crop compared to 4.8 million in the same period a year earlier, cane industry group Unica said.

Mills are allocating as much cane to sugar production as possible, as ethanol sales continue to lag volumes seen last year by 30pc due to stay-at-home measures.