Brazil's Center-South sugar stocks rise 7% on year as of August 1

16.08.2016

Sugar stocks in Brazil's Center-South on August 1 were up 7% on year at nearly 6.45 million mt, data from the agriculture ministry, or MAPA, showed Monday.

The 2016-17 sugarcane season in the key Center-South region began April 1. The region is the largest sugarcane producer in the world.

A higher stocks can be explained by higher sugar production this season. In the first four months of the season (April-July) cumulative sugar output totaled 16.9 million mt, up 26% year on year, data from industry association UNICA showed Monday.

Inventory of VHP, or very high polarization raw sugar, were up 7% on the year at 4.08 million mt.

Stocks of crystal sugar with color up to ICUMSA 180 rose 1% year on year to 2.07 million mt, while stocks of crystal sugar with color of ICUMSA 181-300 more than doubled from the same time last year to 130,712 mt.

The lower the color, the whiter the sugar.

Stocks of the remaining sugar, in which includes raw demerara, refined amorfo and granulated, organic and liquid, totaled 171,531 mt, up 32% on the year.

Sugar exports have been also higher this year. Over January-July sugar exports were up 22% on the year at 15.4 million mt, recent data from the foreign trade ministry showed.

Export price averaged $323.76/mt FOB, down 4% from same period last year.


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