Brazilian sugar exports to rise to record levels.

Brazilian sugar production and exports will reach record levels this season, as mills increase the ration of cane diverted to sugar, rather than ethanol, in response to rising prices and a weak currency which incentivises exports. USDA bureau in Brasilia forecast sugar exports at 29.07m tonnes in the 2017-18 season, which has just started, up 1.3 million tonnes from the previous season. Total Brazilian sugar production was forecast also a record level, of 39.65 million tonnes, up 0.5 million tonnes year-on-year. This increase in production is expected despite a 6.5 million tonne drop in the sugar cane crop, to 645 million tonnes, due to irregular weather conditions in some growing areas and aging of sugarcane fields.