date:Aug 10, 2018
Massive global sugar surpluses this year and next year will keep world raw sugar prices under pressure for the foreseeable future, said Ben Fessler, market analyst, international trade and development, C. Czarnikow Sugar, Inc., Miami.
Mr. Fessler forecast a global sugar surplus of 20 million tonnes in 2017-18 (this year) and of 15.9 million tonnes in 2018-19 at the International Sweetener Symposium, sponsored by the American Sugar Alliance, Aug. 6 in Traverse City.
As a result of the forecast