Sugar Demand to Outstrip Supply

Filed under: Forecasts, India, Brazil, Market Matters, Commodities

Sugar prices have been on a roller coaster this year. During the middle of the year, rumors were rampant that supply was tight. Prices more than doubled.

Then rumors spread that there would be a surplus of sugar this year and prices had a sharp sell off. Now the latest guesstimate is that sugar demand will exceed supply in the marketing year ending September 30. As reported in Bloomberg/Businessweek, analysts for ABN Amro and VM Group forecast that demand will reach 165.3 million metric tons, more than 3 million tons more than supply.

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Sugar Demand to Outstrip Supply originally appeared on BloggingStocks on Sat, 11 Dec 2010 12:10:00 EST. Please see our terms for use of feeds.

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