(Reuters) - Global sugar prices are likely to fall as strong Brazilian and Indian crops come on to the market, a senior economist with the London-based International Sugar Organization (ISO) said on Thursday.
Indian sugar harvest estimates were frequently being revised upwards, which would lead to the 2006/07 world sugar surplus swelling beyond the ISO's latest estimate of 9.1 million tonnes, the body's Sergey Gudoshnikov said.
Read more at Reuters Africa
Indian sugar harvest estimates were frequently being revised upwards, which would lead to the 2006/07 world sugar surplus swelling beyond the ISO's latest estimate of 9.1 million tonnes, the body's Sergey Gudoshnikov said.
Read more at Reuters Africa
No comments:
Post a Comment