June 5, 2017 / 3:34 PM / 2 years ago

BRIEF-Brazil's São Martinho says rains could cut cane crush

* Brazil’s sugar and ethanol producer São Martinho said 2017/18 center-south cane crush could be smaller than expected due to above-average rains, according to Chief Executive Officer Fabio Venturelli

* Sao Martinho’s Venturelli says crushing days lost to rains could extend crop; might avoid crushing all available cane

* Sao Martinho’s CEO says center-south sugar output in 2017/18 to reach 35 million tonnes “at the most;” could be as low as 34.5 million tonnes

* Sao Martinho’s CEO says there are no fundamentals behind recent drop on sugar prices; expects reaction led by commercial buying

* Sao Martinho’s CEO says Brazil sugar producers would stay out of the market if sugar prices hover around 13 cents per pound, which equals their production costs

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