Brazilian sugar-cane producers probably won’t start construction on new sugar and ethanol mills until the government revises its pricing policy for gasoline, according to the former head of the sugar-cane association Unica.
The next sugar cane crop in Brazil’s Center South, the main producing region of the world’s largest grower, may be similar to the current one, according to Marcos Jank, president of industry group Unica.
The sugar market may have a smaller surplus than earlier forecast because of crop damage in nations including Russia and Pakistan, and dry weather in Brazil, the top producer, according to Kingsman SA.
Sugar production in India, the world’s second-biggest grower, may surge by at least 38 percent after higher prices boosted planting and as rains improve yields, according to a survey by Bloomberg News.
Brazil central bank President Alexandre Tombini and Finance Minister Guido Mantega speak at the Managing Capital Flows in Emerging Markets conference in Rio de Janeiro, starting at 12:30 p.m. local time. Speakers also include representatives of the International Monetary Fund, local and international banks.