Business Standard

'Sugar supply may outpace demand by 8 mn tonnes'

Bloomberg  |  London 

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.

RECOMMENDED FOR YOU

'Sugar supply may outpace demand by 8 mn tonnes'

Sugar supplies may outpace demand by as much as 8 million tonnes next season, a second consecutive year of surplus, according to Singapore-based trader Olam International 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.

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.

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Anant Raj 42.10 15.34
Sequent Scien. 159.00 10.96
CCL Products 214.90 10.80
Rolta India 84.95 10.68
Eros Intl.Media 221.30 6.45
> More on BSE Gainers
Company Price() Chg(%)
Anant Raj 42.10 15.18
BGR Energy Sys. 118.15 11.46
Rolta India 85.15 10.80
CCL Products 214.10 10.39
Eros Intl.Media 222.05 6.70
> More on NSE Gainers
Company Price() Chg(%)
TVS Motor Co. 287.90 -9.66
Vinati Organics 462.25 -5.24
Marico 255.20 -4.46
Century Textiles 611.70 -4.20
Amtek Auto 36.70 -4.18
> More on BSE Gainers
Company Price() Chg(%)
TVS Motor Co. 287.45 -9.88
Vinati Organics 461.65 -5.24
Marico 254.50 -4.82
Intellect Design 223.75 -4.56
Amtek Auto 36.70 -4.18
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard