date:Jan 05, 2016
ss in Brazils Centre South sugarcane belt and a rapid rise in domestic ethanol prices. Ethanol prices remain elevated, so despite a strong harvest, a smaller share of cane has been converted into sugar.
In Thailand, El Nio induced drought has led to a delayed start to the harvest.
Unfavourable weather and the risk of more to come, thanks to El Nio conditions, point to the global sugar market entering deficit this year.
Against this, the larger Indian exports and renewed Brazilian real weaknes