The world sugar economy is facing a second consecutive year of a significant gap between world consumption and production. The distinctive deficit phase characterized by a significant excess of global consumption over production, as well as a further reduction in stocks and tightness in the world stock. A continuing decrease in the level of stocks is expected to further support world market prices.
--> Production – 160 mmt
--> Consumption – 168 mmt
--> GAP – 8 mmt
Most of the major sugar exporters have seen a strengthening of their currencies against the US dollar over the past six months. This has, to a large extent, cushioned the magnitude of world sugar price rises when expressed in national currencies.
--> Consumption – 168 mmt
--> GAP – 8 mmt
Most of the major sugar exporters have seen a strengthening of their currencies against the US dollar over the past six months. This has, to a large extent, cushioned the magnitude of world sugar price rises when expressed in national currencies.
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