Oversupply is expected from sugar
The global sugar production next year may exceed the demand – for the first time in 4 years – if the “normal weather conditions” will return in the world's largest growing regions – told Jonathan Kingsman, the president of the Swiss-based Kingsman SA to Bloomberg.
From the year, starting with the 1st of April, the sugar production may exceed demand by 5.61 million tonnes after this season’s 102,000 tonnes deficit. This is because of the fact, that the farmers in China, Brazil, Russia and Thailand, significantly increase the planting areas – reports portfolio.hu.
Related news
More related news >
Related news
In June, the annual decline in producer prices slowed down in Germany
In Germany, producer prices fell by 1.6 percent year-on-year in…
Read more >Rural accommodations closed a stronger half year than last year
The momentum of tourism in 2023 will continue to make…
Read more >Munch is now available in every Auchan store
From the beginning of May you can get the three…
Read more >