Commodities Buzz: CONAB Reduces Brazilian Sugar Production Estimate to 37.9 Million Tonnes

The governments Commodity Supply Corporation (Conab) cut its estimate for the countrys total sugar production in its fourth estimate for the 2017/18 crop to 37.87 mln tonnes, tel quel, from 39.46 mln in the previous forecast just before Christmas, which would be down 2.1% from 38.69 mln a year ago.