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India: Brazil Sugarcane Crushing To Decline 3 percent During 2018/19

The Agricultural Trade Office (ATO/São Paulo) estimates Brazils marketing year (MY April-March) 2018/19 sugarcane crush at 610 million metric tons (mmt), a decrease of three percent compared to the previous estimate for the current marketing year and down 29 mmts from MY 2017/18 (639 mmt). The center-south region is expected to harvest 563 mmt of sugarcane, a decrease of five percent compared to the previous crop (595 mmt). Weather related problems, especially dry weather in the states of São Paulo and Parana in the center-south from April-July negatively affected the sugarcane stocks, and thus production. In addition, a lower than average sugarcane renewal rate in the fields contributed to lower supply.