date:Mar 16, 2016
ds biggest sugar exporter, attention is already turning toward the 2016-17 season, which officially starts next month.
Rabobank saw the market pricing a Brazilian 2016-17 sugar crop of 34.0-35.0m tonnes.
But the bank warned there is much more scope for the eventual outcome to be lower than this current consensus than for it to be higher.
Upside risk
Possible factors that could influence Brazilian production to the downside could be more of the cane crop being diverted to ethanol, or adverse