date:Feb 02, 2016
nths after the raw sugar price fell to about 10 cents a pound for the first time in almost a decade, a value below the cost of production.
Tom McNeill from Green Pool Commodities said weather conditions and poor investment in major growing regions were bringing down the global crop.
We had five years of surplus conditions and that was largely [because of] better supply out of India, he said.
Its really taken El Nino and poor financial conditions in both India and Brazil to bring production down