Equity Analysis /
Thailand

Thai (Bualuang):Agro&Food-Sugar: Brazil’s south-central drought in the spotlight

  • Consensus forecast—Brazil’s 2021/22 cane and sugar output drop

  • Possible revision of 2021/22 global sugar balance to a slight deficit

  • USDA’s May report—lower 2021/22 stocks despite higher output

Prasit Sujiravorakul
Prasit Sujiravorakul

Equity Research Analyst

Bualuang Securities
31 May 2021

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