Brazil's sugar cane processors are likely to adjust their production mixes in the next crop year to produce more sugar and less ethanol. Brazil's center-south region is seeing a production mix heavier on ethanol in the current 2015/16 crop following a boost on demand caused by higher gasoline prices in the local market. But a slight recovery in sugar futures in New York and especially the strong depreciation of the Brazilian currency, are bolstering sugar values in reais relative to ethanol. The Brazilian currency hit an all time low of nearly 4.05 reais to the dollar.
