date:Oct 12, 2012
6.5 million tons a year earlier, estimates Kona Haque, a London-based analyst at the bank.
We see bullish risks from even lower production in Thailand, India and the EU, which could necessitate higher imports into the latter two, Haque said in a report e-mailed today. The re-stocking process continues, and until it is completed, prices will remain vulnerable to any unforeseen supply, principally weather-related shocks.
Sugar output in India, the second-biggest producer and largest consumer, is