date:Oct 12, 2012
e the 24 cents to 25 cents a pound range because of a surplus and lower import demand from China and Russia, she said. Russia will produce 5 million tons of sweetener in 2012-13, down from 5.2 million tons a year earlier and up from 3 million tons in 2010-11, when the country was the largest importer of the raw variety, the bank estimates. In China, output will jump to 13.8 million tons from 11.5 million tons a year earlier, according to the report.
Russia, usually the single largest importer,