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The global sugar market is geared for another surplus this 2017/18 season with another one looming in 2018/19. Sandra Boga is joined by Senior Commodity Analyst, Stefan Uhlenbrock, to outline the latest F.O. Licht data and discuss the outlook for the year ahead.
Eight of the world’s ten largest producers are producing more sugar this season than in 2016/17 - mainly as a result of larger planting areas in response to the high prices in 2016 and better weather. In F.O. Licht's latest sugar balance, this season's global surplus is nearly 8 mln tonnes; not only the first surplus after two years of severe deficits, but at the same time a massive one and the biggest since 2012/13. What's more, it may be followed by another surplus of 5.0 mln tonnes in 2018/19.
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