UPDATE 1-Brazil O7/08 cane crop seen record 468 mln T-govt


(Adds background, comparison forecast for CS crop) BRASILIA, May 31 (Reuters) - Brazil's 2007/08 (May-April) cane crop was estimated at a record 468 million tonnes, up from the 426 million tonnes harvested in 2006/07, the agriculture ministry said Thursday. The ministry, in its first forecast of the current cane crop destined for use in sugar and fuel ethanol production, said Brazil's sugar output would be 31.3 million tonnes, up from the 2006/07 output of 30.2 million tonnes. Mills ...

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