Datagro: Global Sugar Surplus to Shrink to 3.06 Million Tons in 2013/14

By CnAgri2013-10-09 11:30:29 Print

Datagro informed on 11th September that the global sugar surplus in 2013/14 should drop to 3.06 million tons, whereas it is 9.50 million tons in 2012/13. Datagro President stated the global demand for sugar shall continue to grow, the annual demand should increase by 3-4 million tons. If the sugar production in Brazil remains unchanged, the surplus shall shrink. Datagro expects to see 34.18 million tons sugar production in Brazil in 2013/14, similar as the 34.09 million tons in 2012/13 even if the cane processing quantity is 9% larger than in last year. Sugar plants in Brazil prefer ethanol production thanks to its price competitiveness, hence there is growing demand for ethanol in the country.

From “China Sugar Market Monthly Report”