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Abares raises estimate of sugar backlog, forecasts 11-year price low
date:Sep 16, 2015

Carry-over

But Abares revised up its forecast for 2014-15 ending stocks by 2.6m tonnes from its June estimates, to 80.8m tonnes.

This translates to 2015-16 end stocks of 78.1m tonnes, up from 76.8m tonnes forecast three months ago.

This significant upward revision to carry-over would weigh on prices, despite the wider deficit in production.

Increase exports

And an increase in supplies available for export from Thailand, India and Australia will grow the world sugar trade, further increasin

12/21 18:15