Centre-South Harvest 40% Complete
Following last week’s rain in Brazil’s primary sugar region, the return to a drier seasonal pattern in the Centre-South, is allowing growers to resume their normal harvest of sugarcane. According to UNICA, the Centre-South harvest of the 2006/07 crop is now 40% complete. A little moisture throughout the C-S should be expected over the weekend, but the overall pattern for the next week should be very favorable for harvesting operations. In India, Monsoon rains will be more evenly distributed over both the northern and southern growing areas for the next few days; the favorable weather will continue to strengthen India’s position as a solid net sugar exporter, further supporting bearish fundamentals in World sugar prices.
