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Informa's AI sees global sugar surplus in 2018/19

Reuters  |  LONDON 

LONDON (Reuters) - Informa's Agribusiness Intelligence said on Tuesday it sees a global sugar surplus of 7.2 million tonnes in 2018/19, down marginally from a surplus of 7.3 million in 2017/18."The unexpectedly strong increase in Thailand's and India's sugar production this season has raised the global surplus in 2017/18 significantly above initial expectations," the company which includes sugar analysts F.O. Licht said."Current projections point to another massive surplus in 2018/19 which suggests (global) prices will remain under pressure for the near future."EU sugar prices were also ...

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First Published: Tue, July 10 2018. 18:06 IST
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