Bloomberg News

Brazil’s Sugar Exports to China From Center South May Climb 55%

June 29, 2011

June 28 (Bloomberg) -- Brazil’s Center South, the country’s biggest sugar-producing region, may ship more than 500,000 metric tons of raw-sweetener to China in July, a 55 percent increase from a year earlier, C. Czarnikow Sugar Futures Ltd. said.

Chinese buyers want to meet demand before the start of the next crop in the East Asian nation, the broker said. Brazil is the world’s largest producer of sugar and China the second- largest consumer after India.

“Chinese imports will need to arrive in August and September in order to meet demand prior to the start of the 2011-12 crop,” Czarnikow analyst Peter de Klerk said today by phone from London.

China will produce 12 million tons of the sweetener in the 2011-12 marketing season, up from 11.3 million tons in the current crop year, data on the website of the U.S. Department of Agriculture showed.

Sugar imports by China may advance to 2.3 million tons in the year ending Sept. 30, commodities trader Olam International Ltd. said last month.

--Editor: John Deane

To contact the reporter on this story: Isis Almeida in London at Ialmeida3@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at Ccarpenter2@bloomberg.net.


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