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Feb. 17 (Bloomberg) -- Rains in sugar-cane growing areas of Mexico will benefit the country’s next harvest after reducing the sugar content in the raw material this season, the National Union of Sugarcane Growers said.
“The rains that are falling in the sugar-cane producing states will benefit the cane that will be harvested next year,” Carlos Blackaller, president of growers’ group, said in a statement e-mailed yesterday. The sugar content in the cane being harvested in the current 2011-12 season will decline because of the rains, he added.
Mexico, the world’s sixth-biggest sugar producer, cut its official output estimate to 5.1 million metric tons this crop- year from a previous forecast of 5.3 million tons, industry committee Conadesuca said on Feb. 10. The country had processed 19.5 million tons of cane by Feb. 11 to make 2.3 million tons of sugar, according to the industry group.
--Editors: John Deane, Nicholas Larkin
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.