Tuesday, April 3, 2012
Brazil’s immanent sugar crop
Speculation over the size of Brazil’s immanent sugar crop continues apace as Macquarie forecast the harvest to reach only 500 million tonnes
, down 4% from its earlier forecast. The Australia based investment
bank puts this down to aging cane profile and unusually dry weather –
with key Centre-South regions receiving less than 50 percent of the
average amount of rainfall in February and March this year at a crucial
time for cane development.
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2 comments:
The investment in the bank puts this downs to aging cane profiles and usually dry weather with the key centers of the receiving less average.
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