POST Online Media Lite Edition


Global sugar surplus to hit record level in 2018-19

Staff Writer |
During the 2018-19 season, the global sugar market will record highest level of surplus since 2006-07.

Article continues below

According to Global Platts/Kingsman, this surplus will be 12.59 million tons, up from the 11.46 million tons achieved the previous season.

The oversupply will mainly be driven by India which is expected to hit a record production level during the period under review. Moreover, South-Eastern Asian countries should produce 35.32 million tons of sugar against 33.69 million in 2017-18, hitting a peak since the 1959-60 season.

While the price per pound of sugar has been falling on the global market since a few years ago, some operators indicated that this could worsen in the future dropping below the 10 cent threshold.

What to read next

Vietnam sugar inventory reaches record high in April
Russia becomes world’s top sugar beet producer in 2016
Ukraine expects record high sugar exports this year