date:Jul 03, 2015
both a huge consumer and producer of sugar, is expected to continue swinging between being a net importer and exporter.
Asia, Africa to drive demand
Meanwhile, global sugar consumption is seen growing at just 2% a year, to reach 214m tonnes in 2024.
Developing economies in Asia and Africa are seen driving sugar demand growth, while mature or saturated markets in the developed world show little or no growth.
The global stock-to-use ratio, a key pricing metric, is expected to fall to 36% by 202