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Sugar Week "during the meeting, industry experts said the global sugar supply shortage situation is expected to end in the coming crop year, but whether there will be oversupply expectations are still mixed views. Supply shortage in the last year to promote sugar prices rose.

Datagro Consulting Ltd President Plinio Nastari said during an industry meeting that the 2017/18 crop year, the global sugar market supply is expected to achieve a more balanced supply and demand.

Datagro expects the sugar supply of the crop to be slightly less than 200,000 tonnes from 1 October. The current annual gap is expected to reach 7.85 million tons.

Others expect a small surplus, and Emmanuel Jayet, research director at Sucden, said the agency still believes that the global sugar supply in 2017/18 will be over 3 million tonnes, even though the price so far this year has fallen to the price of raw sugar futures About one in five to less than $ 0.16 per pound.

Datagro Informal Surveys show that the meeting was interviewed by the industry is expected to appear over-supply of people over half.

Nastari said in the meeting gap, the global demand growth rate will slow down next year, due to increased demand in Asia, and consumption patterns change.


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