(Bloomberg) -- Sugar in New York fell for a fifth-
straight session, the longest slide since January, amid
speculation that a global surplus of the sweetener may be bigger
than previously forecast.
World sugar production may exceed demand by 10 million
metric tons as output rises in Brazil and India, Helmut Ahlfeld,
managing director of F.O. Licht in Ratzeburg, Germany, said in
an e-mail on June 1. The London-based International Sugar
Organization earlier predicted a surplus of 9.2 million tons in
the year through September.
Read more at Bloomberg Commodities News
straight session, the longest slide since January, amid
speculation that a global surplus of the sweetener may be bigger
than previously forecast.
World sugar production may exceed demand by 10 million
metric tons as output rises in Brazil and India, Helmut Ahlfeld,
managing director of F.O. Licht in Ratzeburg, Germany, said in
an e-mail on June 1. The London-based International Sugar
Organization earlier predicted a surplus of 9.2 million tons in
the year through September.
Read more at Bloomberg Commodities News
No comments:
Post a Comment