date:May 03, 2016
t and is running about a month ahead of schedule, with a 261% increase to 1.43 million tons in the first half of April over the same period last year.
The Unica results seemed to surprise on the upside, Agrilion Commodity Advisers said in a note.
Unica reported that 205 mills were crushing cane by the second week of April versus 165 mills at the same time in 2015. Dry weather and a preference for sugar over ethanol production have helped boost supply.
In other markets, cocoa for July was down