White sugar's premium over raw sweetener may fall as much as 39% by end of 2012 as production surges in Europe, India, Thailand and Central America, officials say
October 10, 2011
– Swiss Sugar Brokers said that white sugar’s premium over raw sweetener may fall as much as 39% by the end of year as production surges in Europe, India, Thailand and Central America, Bloomberg reported Oct. 10.
According to Thai Sugar Millers Corp., cane production in Thailand, the world’s second-largest sugar exporter, may climb to 100 million tons, setting a record for a second consecutive year.
Output in India, the second-largest producer after Brazil, will rise to 26.2 million tons in the 2011-12 season and exports may total 3 million to 4 million tons, officials estimate.
The primary source of this article is Bloomberg, New York, New York, on Oct. 10, 2011.