June 18, 2018 / 12:02 PM / a year ago

Copersucar sees smaller Brazil crop, better outlook for sugar market

SAO PAULO, June 18 (Reuters) - Brazil’s Copersucar, the world’s largest sugar merchant, expects a smaller Brazilian center-south sugar production in the current season due to ageing cane fields and drier weather and sees a more positive outlook for sugar prices going forward.

Copersucar’s Chief Executive Paulo Roberto de Souza told reporters that the company expects total sugar production in the center-south in 2018/19 at 28 million tonnes versus 36 million tonnes in the previous crop. Total cane crush is seen at 555 million tonnes compared to 596 million tonnes previously.

Reporting by Marcelo Teixeira

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