date:Nov 20, 2012
bal sugar production surplus in 2013-14, given the prospect of a downswing in the Indian output cycle, as rising mill arrears in payments to cane growers prompt many farmers to switch crops.
Factoring in a 4m-tonne drop in Indian output, and increasing production in countries such as Ethiopia and Sudan, a neatly-balanced global supply and demand comes into view for 2013-14.
New York raw sugar for March delivery stood 0.8% lower at 19.09 cents a pound in late deals.