date:Oct 10, 2013
e creams, soft drinks and processed food, pushing up sugar consumption to 35-40 million tonnes a year in Asia and Africa, according to trade and industry officials.
When consumption is stagnating elsewhere, traders see an annual 2-3 percent rise in sugar demand in Asia and Africa.
As production from the cane crop has lagged demand growth in the region, refineries are springing up to fill the gap. The refineries import raws, or unrefined sugar, to process into whites at a refining cost of $60-$