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Green Pool Sees Biggest Ever Sugar Surplus on Indian Output
The world’s sugar traders are experiencing the biggest ever global surplus. That’s according to Green Pool Commodity Specialists, which expects the glut to reach 18.4 million metric tons this season. The Brisbane, Australia-based researcher boosted its estimate by almost a quarter because of a massive increase in the sugar-cane area and yields in India, the No. 2 producer.
May 3, 2018
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Sugar Low: Commodity Plummets on Surplus
For sugar, there’s no sweet ending in sight after a long period of declining prices. Australia-based consultancy Green Pool recently upped its surplus estimate by 43% to almost 15 million tons. The International Sugar Organization, the global trade body, sees a surplus of 5.2 million tons.
May 2, 2018
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Green Pool signals caution on sugar prices, as it forecasts record supplies
Green Pool signalled further weakness ahead of sugar prices, lifting its forecasts for the world production surpluses this season and in 2018-19, and heralding a further one in 2019-20.
Mar 29, 2018
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India May Export More Sugar Than Forecast on Higher Yields
Global sugar prices have tumbled about 33 percent in the past year on a global surplus as production increases in Europe and India. ISMA last month raised its 2017-18 sugar output estimate 4 percent to 26.1 million tons, the highest in three years. Green Pool Commodity Specialists this week forecast Indian production at 28.1 million tons, with expectations of an equal or better crop next season.
Feb 23, 2018
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The worst may not yet be over for sugar traders
The glut that’s plaguing the market this season will probably extend into 2018-19, with Green Pool Commodity Specialists forecasting a surplus of 5.4 million metric tons.
Feb 6, 2018
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Green Pool 'relatively pessimistic' on sugar market, seeing second world surplus
Green Pool hinted at downbeat prospects for sugar prices as it raised its estimate for the production surplus for this season, forecast another stockbuild in 2018-19, and said a third one could be in the offing.
Feb 6, 2018
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Reuters - Sugar retreats from 5-week high
March raw sugar settled down 0.02 cent, or 0.13 percent, at 15.31 cents per lb after peaking at 15.37 cents, its highest since Nov. 28. But focus on bearish fundamentals returned after closely-watched commodity analyst Green Pool on Wednesday raised its projections of a global surplus in 2017/18 to 10.43 million tonnes, up from a forecast of 9.8 million. [nL8N1OY1Q7
Jan 3, 2018
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Green Pool lifts forecast for world sugar supplies again, to 15-year high
Green Pool hinted at the potential for sugar price weakness as it lifted to a 15-year high its forecast for the extent of supplies of the sweetener, citing strong production prospects in the likes of India and Thailand. The Australian-based analysis group raised by 629,000 tonnes to 10.43m tonnes its forecast for the world sugar production surplus in 2017-18 - while reducing by 664,000 tonnes to 1.11m tonnes its estimate for the output shortfall last season.
Jan 3, 2018
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Green Pool lifts forecast for 2017/18 sugar surplus
The global sugar market is poised for a surplus of 9.80 million tonnes 2017/18, Australia-based analyst Green Pool said on Tuesday, amid stronger production and sluggish consumption growth.
Nov 2, 2017
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Raw sugar near three-month high
The global sugar market is poised for a 2017-18 surplus of 9.8 million tonnes, Australia-based analyst Green Pool said.
Nov 1, 2017
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