Brazil's sugarcane supplies will likely remain tight through next marketing year if dry weather in the country persists, according to Dow Jones.
If the rain won't happen by the end of this year, it may affect the cane crop," Marcos Sawaya Jank, president and chief executive of UNICA, told Dow Jones Newswires.
Jank also said Brazil is unlikely to add to its 330 sugar mills next year, affecting overall production.
BRAZIL: BTG sees major sugar M&A opportunities
BRAZIL: JOB sees sufficient ethanol stocks for stable prices
Kingsman sees 2012/13 surplus down 43% at 4.7 million tonnes
Macquarie says surplus may cut prices to 18 cents
Olam sees second year of surplus ahead
UAE: Al Khaleej to buy more sugar from India
Marex Spectron says prices will stay lower due to surplus
FO Licht ups sugar production estimate to 175.8 million tonnes
BRAZIL: BTG sees major sugar M&A opportunities
BRAZIL: JOB sees sufficient ethanol stocks for stable prices
Kingsman sees 2012/13 surplus down 43% at 4.7 million tonnes
Macquarie says surplus may cut prices to 18 cents
Olam sees second year of surplus ahead
UAE: Al Khaleej to buy more sugar from India
Marex Spectron says prices will stay lower due to surplus
FO Licht ups sugar production estimate to 175.8 million tonnes