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How can the world surplus affect sugar prices in the Asian Market?

How can the world surplus affect sugar prices in the Asian Market?

Given a good crushing pace, Thailand’s sugar production may exceed 12 mmt in 2017/18, according to DATAGRO estimate.

Thailand has decided to cancel domestic sugar price control, a platform that has provided subsidies to cane growers. Under the sugar reform, retail prices will float according to the international market, erasing the subsidies, raising then doubts on govt plan to expand cane acreage in the future.

 

On top of this, we have India on track to increase its sugar production from 20.16 mmt in 2016/17 to about 26.5 mmt in 2017/18 and even more in 2018/19.

 

In order to discuss the Asian market and other scenarios involving the global sugar balance, the International Sugar Organization (ISO), together with DATAGRO, invited Marcelo Andrade, Global Sugar President, COFCO Agri; Abinash Verma, Managing Director, Indian Sugar Mills Association-ISMA, and Rangist Hiangrat, Director, Thailand Sugar Millers Association to take part in the XII ISO DATAGRO New York Sugar & Ethanol Conference, to be held on May 9th, 2018, at Hilton Midtown in New York.

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