Aug. 17 (Bloomberg) -- Sugar cane production in Brazil may expand by up to 30 million metric tons, more than previously estimated, in the year beginning May 2010 as a rally in prices encourages planting, the International Sugar Organization said.
Output in the world’s biggest producer may rise from 600 million tons in the 2009 to 2010 marketing year and millers may utilize as much as half of that for sugar production if prices remain competitive against ethanol, ISO economist Leonardo Bichara Rocha said.
“People were estimating cane production to go up by only about 20 million tons maximum 2010-11,” Rocha said in an interview in Bangkok today. “I think that could be larger now due to the fact that planting still hasn’t finished. That means you’d have around 630 million tons.”
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