Indonesia's demand for raw sugar could help absorb excess supply in the global market that has sent prices to multi-year lows, as second-largest producer India moves to help ailing millers.
Buyers of raw sugar from Brazil, the world’s largest producer, are getting a smaller discount for their sweetener as the 2013-14 crop approaches its end, according to Green Pool Commodity Specialists Pty.
The global sugar surplus will be 8.3 per cent bigger than previously forecast, as output expands in leading producer Brazil and in Thailand, the second-largest exporter, according to Green Pool Commodity Specialists Pty.
Indian milling companies involved in an escalating price dispute with their growers have found a novel way to register their protest against government interference in price setting.
China's move to cut the price of sugarcane for a second consecutive crop year may send a signal to the oversupplied global market it wants to end a stockpiling programme which has sent domestic prices soaring, dealers said on Thursday.
Rice and sugar harvests in the Philippines were damaged by Super Typhoon Haiyan when the most powerful storm on record to strike the country unleashed winds and floods that may have killed as many as 10,000 people.
Buyers of sugar from Thailand, the world’s second-biggest exporter, are paying a lower premium amid reduced concern that a port fire in Brazil will curb supply, according to Green Pool Commodity Specialists Pty.
A global merchant's plan to sell its loss-making sugar milling operation is the first sign that low prices could drive mills out of business and move the market from a surplus to a deficit as soon as next season.