Kingsman trims estimates of Brazilian cane, ethanol output

04/22/2012 | Bloomberg Businessweek

Sugarcane production in Brazil's primary cane-growing region will fall to 510 million metric tons in the 2012-2013 season, down 1.9% from the previous projection of 520 million metric tons, according to brokerage and research firm Kingsman. Dry conditions in February and March "affected the same cane growing regions that had been touched by drought between August and September 2011, thus aggravating its impact on cane development," Kingsman said in a report. About 51.4% of the cane will go to ethanol production, which is expected to top 5.65 billion gallons, down from the previous estimate of 5.78 billion gallons, Kingsman said.

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