Output in Center South, Brazil's main cane-growing region, jumped 26 percent in May's first half as mills processed a record crop, industry association Unica said last week. Some traders are betting that production may start to slow because of excessive rain and lack of sun during growing months, according to researcher Kingsman SA.
"We will have to keep a sharp eye out on the Unica crush numbers as we move through the season,"Jonathan Kingsman, managing director of Lausanne, Switzerland-based Kingsman, wrote in a report yesterday after trading closed. "The bulls argue that as the season progresses, the cane will lose both agricultural and industrial yield."
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