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Bunge has no plans to increase sugar production capacity in Brazil

 

 

Giovane Consul, vice-president for Sugar and Bioenergy at U.S.-based food processor and commodities trader Bunge Ltd said on Monday:

 

* Its cane crushing in brazil in 2016/17 is smaller than expected, at 20 million tonnes, due to lower agricultural yields

 

* Company has no plans to invest in sugar production capacity in Brazil despite high international prices

 

* Sees favorable market for sugar, but company is cautious regarding duration of current cycle of high prices

 

* Bunge has eight sugar and ethanol mills in Brazil

Reuters

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