|
Global sugar market to return to surplus, says ISO
17.05.2010 12:41 "Agro Perspectiva" (Kyiv) —
The world sugar market is to return to surplus in 201011, helped by improved output in major producing countries, industry experts have said, as India forecast a return to exports.
The world will produce 2.5m tonnes more sugar than it consumes, the first surplus for three years, the International Sugar Organisation said.
«There are initial indications that, in some key producing countries, production is likely to expand,» the organisation said, noting India as the «first obvious candidate».
The increases would more than offset a decline of some 1m tonnes in supplies from the European Union, which enjoyed record beet harvests last year.
Global output fell short of consumption by 8.5m tonnes in 200910 and by 12.2m tonnes the year before, the ISO believes.
Also available:
|
| |
|
|