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Global sugar market could switch to deficit in 2014-15

Posted on 11 February 2014

The global sugar market could tip into a small deficit in 2014/15 after four years of surpluses as producers struggle to cover their costs, but the stocks built up during the years of ample supply will be a brake on any recovery in prices.
Traders and analysts attending the February 8-11 Dubai Platts Kingsman sugar conference said sugar consumption was outpacing flat-to-weaker production into 2015. “Pretty much all producers are operating at below costs of production,” said Kona Haque, head of agricultural commodities research at Macquarie Bank………………………………………..Full Article: Source


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