date:Aug 10, 2018
large surpluses, which follow two years of global sugar deficits, world raw sugar prices will remain depressed for the foreseeable future, Mr. Fessler said.
He said the surplus mainly was due to soaring production in India, forecast at about 32 million tonnes in 2017-18, up about 60% from a drought-reduced crop of around 20 million tonnes in 2016-17. Additional government incentives to Indian cane growers is expected to further boost production to around 35 million tonnes in 2018-19 due to high