date:Aug 27, 2018
griculture Organization, or FAO. That would mark an increase of just over 11% from the previous session.
The substantial expected expansion in world sugar output means that production is set to surpass utilization by as much as 17 million [metric tons], the largest production surplus in history, leading to significant accumulated inventories, in both importing and exporting countries, the FAO wrote in a biannual report published in July.
Robin Shaw, a sugar analyst at brokerage Marex Spectron,