Sugar production is expected to drop

Source: Bloomberg
© Scanpix/Reuters
Sugar production is expected to decrease for the first time in 5 years due to low prices. Sugar supply will drop 1.8% as demand for the commodity will rise 1.9% in the market year, which starts October 1. Sugar prices slid 55% after it reached 30-year highs in 2011 as producers increased their output. It is expected that demand for sugar will exceed supply by 2.5 million metric tones in 2014-2015.
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Tue, 23 Jul 2013 12:45:05 GMT

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