Sugar production in the center-south area of Brazil came in roughly in line with market estimates in the first half of June, data from industry group Unica showed on Tuesday, decelerating from the previous fortnight as rains that drove a jump in yields now hamper crush operations. Sugar production in the period totaled 2.55 million metric tons, Unica said in a report, up 18.7% from a year earlier and meeting analyst consensus in a survey by S&P Global Commodity Insights. That output came from the crushing of a total 40.3 million metric tons of sugarcane in the period, a 4.2% rise on a yearly basis but slowing down from the staggering 46.2 million metric tons processed in the second half of May.
Sources: Nasdaq/Datamar News