8/30/2016

#Sugar price rally not over yet, says ISO, flagging 'critically low' stocks

 

 

Tues 30th August 2016

Sugar price rally not over yet, says ISO, flagging 'critically low' stocks

The rally in sugar prices, already close to four-year highs, has further to run, spurred by the fall in world inventories to "critically low" levels, the International Sugar Organization said, despite foreseeing a rise in output.

The intergovernmental group, in its first forecast for the world sugar production deficit in 2016-17, pegged it at 7.05m tonnes, one of the highest shortfalls on record.

Following on from a 5.74m-tonne deficit in 2015-16, on an October-to-September basis, the shortfall leaves the world looking at a tumble in stocks below 75m tonnes by the end of next season.

www.agrimoney.com

Read the full article here:
http://www.agrimoney.com/news/sugar-price-rally-not-over-yet-says-iso-flagging-critically-low-stocks--9876.html

 

 

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