From April through May, Brazil’s center-south crush was up 12 percent YOY at 144.8 MMT of sugarcane. Some 46 percent of cane for these two months was crushed for sugar, up from 33 percent a year prior.

With recovery at 55 kg of sugar per MT of cane, total production reached 8.0 MMT of sugar, up more than 65 percent YOY.

Spot sugar (Sao Paulo) for July 2020 to date is up 22 percent YOY in Brazilian reals but down 8 percent in U.S. dollar terms.

Brazilian sugar spot reference price

Source: CEPEA
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