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Sugar values set to rise as global production goes into deficit for first time in five years
date:Feb 02, 2016
globally we saw far too much rain in Centre South Brazil and that slowed the harvest and also reduced the sugar content.
He explained the Brazilian government had held down the gas price and therefore the ethanol price, which had lowered producers returns.
Now, the global deficit was expected to push sugar prices to sustainable levels for farmers and millers.
Mr McNeill said the futures price had lifted to 15.5 cents per pound recently, and values for 2016 reached $450 a tonne, and he said the o

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