date:Jan 28, 2013
Today, 80% of world sugar production comes from sugar cane, while Brazil on its own accounts for 50% of global exports. The European market, in deficit since the 2006 reform, is now largely dependent on imports. FY 2011/12 was marked by the first downturn in Brazilian sugar cane production for 10 years, pushing world prices up to all-time highs at the start of the financial year.
In the cereals processing sector, the market for starch products also shows a rising level of global consumption,