BRAZIL: FCStone sees cane production at 597 million tonnes
Published: 03/16/2010, 8:20:27 AM
FCStone says sugar mills in Brazil's main centre-south production region will crush a total of 597.5 million metric tonnes of cane in the 2010/11 crop, up 11.6% from the previous season, according to Dow Jones.
Brazil's 2010/11 sugar production will come in at 34.7 million tonnes-a 21.7% increase from the last season, the group said in a press release. FCStone Group, a broker and merchant, is a subsidiary of International Assets Holding Corp., or INTL.
Brazil is the world's top sugar producer and exporter. The center-south region accounts for nearly 90% of the country's cane crop. FCStone estimated Brazil's 2009/10 sugar production at 28.5 million tonnes through Feb. 28.
Brazil's total recoverable sugar will likely average 138.6 kilograms of sugar per tonne of cane in 2010/11, a 6.2% increase from last year, FCStone said.
FCStone said Brazil's ethanol production would rise 15.5% in 2010/11 to 26.34 billion litres. Hydrous production will climb 5.4% to 18.05 litres, while anhydrous production is expected up 43.6% at 8.89 litres.