The price of sugar may be moderated in the next one year

According to the analysts of the Standard Chartered Bank, if sugar prices will not increase until the potting season – in the future – until the second quarter of 2012 – sugar prices are expected to be moderated.

In the current sugar season, lasting until the end of September – in a global summary – one million tonnes more sugar will be processed in the factories. With this; the demand and supply ratio will be equalized. The ratio was overturned two years ago, which led to a drastic increase in sugar prices. In Hungary, for example, prices were doubled in a few months – reports Népszabadság Online.