date:Feb 10, 2014
Data provider Platts Kingsman on Sunday forecast the global sugar surplus would halve to 2.0 million tonnes in 2014/15 as sugar growing became less profitable due to low prices. The effects of lower world prices, however, have been mitigated by currency movements and government intervention, shielding farmers, it said in a statement released during the February 8-11 Platts Kingsman Dubai sugar conference.
Lower prices, both at the world and domestic levels, have affected mills' profits and far