Kingsman cuts 2017-18 Brazil sugar output forecast.

Kingsman has scaled down its forecast for sugar production in Brazil largest cane growing Centre-South region by 300,000 tonne to 36.1 million tonne in 2017-18. Production in the region accounts for more than 90% of the country’s sugar output. sugar output would represent a fall of 2.1 million tonne on year, and would be the lowest since the 31.22 million tonne produced in 2015-16. Sugar production in Centre-South Brazil is seen declining in 2018-19 to 34 million tonne due to an ongoing drought. Kingsman also lowered its global sugar surplus forecast for 2017-18 by 1 million tonne to 3.87 million tonne due to damage to the crop from hurricanes in Cuba.