date:Sep 14, 2015
he finance minister [Joaquim Levy ]has his job cut out to get it through.
Vast oversupply
Veteran soft commodities analyst Judith Ganes-Chase also took a less optimistic view, despite terming China potentially a saviour for the market in importing more sugar than initially expected, thanks to disappointing domestic output.
While commentators are foreseeing a world sugar production deficit of some 2.5m tonnes in 2015-16, this would be too small a shortfall to give the market sufficient ammunit