Advertise with

Sugar prices to remain volatile into 2013
Sugar prices to remain volatile into 2013

Sugar prices to remain volatile into 2013

FMCG SUPPLIER NEWS - Jan 27th 2012, 09:28

Sugar prices are likely to remain volatile into 2013 according to the International Sugar Organisation (ISO) as global output matches demand.

The ISO is expecting a 4.5 million tonne surplus of sugar from the 2011-2012 harvest which ends on September 30th, but according to the organisation this will not be enough to rebuild global stockpiles, which have been increasingly used to meet growing demand as poor weather has hit global production.

Sergey Gudoshnikov, a senior economist at the ISO, told the CME group during a telephone interview that "The market will still operate with this low-stock environment [and have] the same price volatility that we have witnessed in the last 24 months."

He added that Brazil, the world's top sugar producer, was unlikely to see any increase in its levels of production, while demand from China would remain steady taking up any slack in supply.


Related News

Key insights into the African melon market
21/06/2019 - 09:24
IndexBox recently published a new report, the Africa - Melons - Market Analysis, Forecast, Size, Trends, and Insights. Here is a summary of the report's key findings.

SA's first citrus shipment arrives in China
13/06/2019 - 15:39
The historic shipment of 5 200 tons of citrus in a breakbulk vessel has arrived at Shanghai Port in the People’s Republic of China.

There's no truth to importers' threats about 'expensive' chicken
05/06/2019 - 08:58
Don't rely on the chicken importers for the facts. In a massive public relations exercise to turn opinion against higher import tariffs, they have relied on assertion, misdirection, misinformation, and bluster. Facts are few and far between.

Blackstone in $19bn deal to buy US warehouse assets from Singapore’s GLP
04/06/2019 - 10:57
Blackstone Group is buying US industrial warehouse properties from Singapore-based logistics provider GLP for $18.7bn, in what the companies billed as the largest private real estate transaction globally.

US jealousy sparked trade wars, says Chinese ambassador
21/05/2019 - 10:48
The US is jealous of China’s rapid economic growth and achievements in the past few years and was using the trade wars to frustrate and stall it, Lin Songtian, the Chinese ambassador to SA said.