News International Sugar Journal

Global sugar market swings back into deficit [Registered]

In a season which was expected to bring global sugar supplies back to comfortable levels after two years of shortfall, the market in late November ’10 received news that 2010/11 world sugar supplies may have again swung into deficit as poor weather damages crops. With Northern Hemisphere beet crops approaching the end of the harvest and with the Southern Hemisphere cane year also coming to an end, the analyst Czarnikow says it has become apparent that many producers will fail to reach production targets. Hot dry weather during the summer damaged the development of the Russian beet crop, while yields…

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