date:Jul 03, 2015
e sugar contract is seen at $434 a tonne nominal value in 2024, representing a narrowing of the premium of white, or refined, sugar over raw sugar.
The market is expected to remain subdued thanks to a stocks-to-use ratio which seen showing little improvement over the coming decade, as supply outstrips demand.
Supply to outpace demand
Global sugar production is projected to increase by 2.2% a year in the coming decade to reach nearly 220m tonnes by 2024, up 38m tonnes from average production o