Business Standard

'Sugar supply may outpace demand by 8 mn tonnes'

Related News

may outpace demand by as much as 8 million tonnes next season, a second consecutive year of surplus, according to Singapore-based trader Ltd. Production will be 6 million to 8 million tonnes higher than consumption in the 2012-13 season starting in October, after a surplus of 9 million tonnes in 2011-12, Piero Carello, general manager of the company's sugar division in Europe, and John Stansfield, a senior analyst, said in an interview in Dubai on Saturday before the opening of an annual sugar conference organized by Kingsman SA, a broker and researcher.

The cane crop in Brazil's Center South, the main growing region of the world's biggest producer, will climb to 520 million tonnes in 2012-13, they said. That compares with 492.7 million tonnes in the current season, data from industry group Unica show. Harvesting of the 2012-13 crop in Brazil starts in April. In most countries, the season begins in October. India's production will rise by one million tonnes to 27 million tonnes in 2012-13, they said.

Read more on:   
|
|
|

Read More

Chana futures soften on higher arrivals

Chana futuures for May declined by Rs 7, or 0.21%, to Rs 3,368 per quintal in 32,830 lots

Quick Links

 

Market News

More demand for cheaper diamond jewellery exports

Buyers pick up low priced ornaments this year compared to high priced ones earlier, producers rely on hopes

Weekly: Markets retain winning streak on Fed outcome

Dr Reddy's , Hero MotoCorp, TCS and Maruti among the top gainers

Di Bella Coffee brews second stint in India

Last year, Di Bella had terminated licence agreement with JV company Di Bella India

Markets retain winning streak on Fed outcome

Scotland's decision to stay in the United Kingdom helped the investor sentiment

Alibaba surges on massive demand in trading debut

Alibaba is nearly unknown to most Americans but is ubiquitous in China, where it is responsible for 80 percent of online sales

Back to Top