News International Sugar Journal

FO Licht sees beet sugar sector driving global sugar output [Registered]

Commodities analyst FO Licht has raised its global 2011/12 sugar production forecast by 1.3 million tonnes (mt) from its October estimate to 175.8 mt in raw value terms, noting that increase in beet sugar output were driving the boost in overall output over that of the previous season. This confirms Czranikow’s observation made over a month ago. The projected 2011/12 world sugar total compares with the 165.8 mt estimated by FO Licht for the previous season. Stefan Uhlenbrock, senior analyst at FO Licht, told The Public Ledger that most of the gains on the beet side had already been accounted…

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