News International Sugar Journal

Despite global surplus and lower prices, sugar demand sluggish says Czarnikow [Registered]

Over the last year, sugar prices have fallen by 25% on the back of rise in global output. Czarnikow, in their latest sugar review estimates global surplus of 7.8 million tonnes raw value (mtrv) for 2012/13. Despite this, Toby Cohen, Czarnikow’s Director observed that “we haven’t seen tangible signs of higher demand”, due to slower growth in consumption. Over the past year, global production has increased by less than 1% compared to more than 10m mtrv or around 7% growth during the two previous years. Cane sugar production is projected to rise to 143.9 mtrv from 139.6 mtrv last year,…

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