date:Apr 29, 2016
Sugar futures fell, as the Brazilian cane body Unica announced a record start to the cane cutting season across the Centre South cane belt, thanks to some extremely dry weather.
Unica issued its first forecast for the 2016-17 sugar season, which is officially started this week.
Sugar output is expected to boom, thanks to higher cane availability than last year, as well as higher sugar yields, and mills increasingly favouring sugar over ethanol production.
Record start
The data showed a storm