As reported by Market Leader (US)
Analysts anticipate lower sugar prices within the next 6 months (a major decline – 22%). The major reason is higher sugar production in India and Brazil.
The new agricultural year in Brazil started on March 1st 2012. The agricultural authorities expect a 5.4% increase in this year’s sugarcane harvest (up to 602,2M tons). India’s sugar production has exceeded the domestic consumption for the 2nd consecutive year. However, this year the production is expected to decline a little because of dry weather (farmers have to cut sugar acres in favor of more unpretentious crops).
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