date:Nov 09, 2018
lower than in the previous crop.
The consultancy sees global sugar supply falling in 2018/19 (Oct-Sept), while consumption grows. As a result it projected the 2017/18 large surplus of 9.6 million tonnes which pushed sugar prices to ten-year lows to fall to a surplus of only 1 million tonnes in 2018/19.
Most indications point to a reduction in the stability of sugar production in the next cycle starting in October 2019, potentially leading the market to a deficit situation, said FCStone in i