date:Feb 13, 2019
World sugar prices are forecast to rise this year with the market swinging into deficit in the 2019/20 season, a Reuters survey of 10 analysts and traders showed on Monday.
Raw sugar prices were expected to end the year at 14.60 cents per lb, up 15 percent from Fridays close, according to the median forecast of responses.
The world sugar balance was seen switching to a deficit of 1.90 million tonnes in 2019/20 compared with a surplus of 2.55 million in 2018/19.
The shift was partly driven by