Global sugar market expected to decrease in 2019/20
Nov, 07, 2019 Posted by Sylvia SchandertWeek 201946
Global sugar production is expected to fall by 2.8% to 175.1m tons by 2019/20, the Food and Agriculture Organization of the United Nations (FAO) said on Thursday.
Global sugar consumption is expected to fall 1.4% to 177.5m tons in the period, the FAO added.
This will mean a global deficit of about 2.4m tons.
FAO’s sugar price index averaged 178.3 points in October, up 5.8% from September.
The following DataLIner chart shows Brazilian sugar export trends since January 2015:
Source: Reuters
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