ISO says Brazilian sugar output may rise 35 million tons next year, ethanol exports to drop

In Brazil, the International Sugar Organization is offering guidance of a potentially large sugar crop in Brazil next year,in response to soaring sugar prices, which have soared 85 percent this year following failure of the Indian sugar crop. The current harvest is in the 600 million ton range and the ISO said that as much as 35 million tons in extra production could be expected due to rising prices.

Approximately 44 percent of the Brazilian sugarcane harvest was processed into sugar this year, with the remainder processed into ethanol, but the ISO is saying that the ratio could be 50.50 next year and cause ethanol exports to drop to 1.05 billion gallons, from 1.24 billion this year.

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