The crop in Brazil's center south, the country's
main producing region, is likely to be 510 million to 520 million tons in the 2012-13 season starting this month, dos Santos
said. Sugar cane production in the region totaled 493.3 million tons in 2011-12, the first drop in a decade, after dry weather,
frost and flowering reduced yields, according to industry group Unica.
2. Bloomberg.com “Sugar May Fall to 18 Cents a Pound This Year With Surplus, Macquarie
Says” February 5, 2012
3. Bloomberg.com "Sugar Traders Wager That
Biggest Glut in Five Years Is Ending: Commodities" January 19, 2012
Traders are betting that the biggest sugar glut since 2007 will
shrink in the next harvest, reversing expectations from six months ago and ending the largest decline in prices in a
decade.
4. Bloomberg.com "Sugar Harvest in India Seen Missing Forecast as Yields Drop" November 25, 2011
Sugar output in India, the world’s second-biggest producer, may
drop short of government and industry estimates as wet conditions curbed cane yields amid the country’s heaviest June
monsoon rainfall in three years.
5. Bloomberg.com "Sugar Drops on China Demand Concern; Cotton, Orange Juice Gain" July 6, 2011
Sugar fell for the first
time in three sessions after China raised interest rates, signaling slower economic growth and reduced imports. China, the
world’s largest sugar consumer after India, has raised borrowing costs three times this year.
6. Reuters.com "Global sugar surplus
to surge, Brazil key to price - Kingsman" May 12, 2011
Global sugar prices need to drop below the domestic price of ethanol
in Brazil, top producer of the sweetener, to curb output at a time when the surplus on world markets is expected to surge,
the Kingsman consultancy said on Thursday.
7. Bloomberg.com “Sugar Seen Capped on Record Thai Production, Helping Nestle”
April 28, 2011
Sugar-price gains are likely to be capped by record production in Thailand, the biggest shipper after Brazil, said
broker and researcher Kingsman SA. That may help Nestle SA (NESN) and Kraft Foods Inc. (KFT) curb commodity costs.
