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BRIEF-Bunge has no plans to increase sugar production capacity in Brazil
November 7, 2016 / 8:01 PM / 10 months ago

BRIEF-Bunge has no plans to increase sugar production capacity in Brazil

Nov 7 (Reuters) - Giovane Consul, vice-president for Sugar and Bioenergy at U.S.-based food processor and commodities trader Bunge Ltd said on Monday:

* Its cane crushing in brazil in 2016/17 is smaller than expected, at 20 million tonnes, due to lower agricultural yields

* Company has no plans to invest in sugar production capacity in Brazil despite high international prices

* Sees favorable market for sugar, but company is cautious regarding duration of current cycle of high prices

* Bunge has eight sugar and ethanol mills in Brazil Further company coverage: (Reporting by Marcelo Teixeira)

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