date:Jan 22, 2014
2.5 million tonnes, raw value. This implies a further build-up of global stocks over the 2013/14 international crop year, maintaining the global stocks-to-consumption ratio at high levels through to September 2014.
This in turn suggests that there is limited scope for world prices to move significantly above their recent levels in the coming months unless there is a change in the underlying fundamentals.
Speculation that sugar prices may receive some support from millers in the key Brazilian m