date:Jul 15, 2014
oint, theres now a trend toward higher prices, albeit a slow one, it said.
Raw sugar retreated more than 50 percent from a 30-year high in 2011 as world supplies consistently surpassed demand. Global output will lag behind consumption by about 500,000 tons in 2014-2015 as production stabilizes, London-based Czarnikow forecast last week. The degree of tightening depends on how a forecast El Nino weather event develops, Rabobank said.
We are likely to see the market swing back into deficit, main