New York — Sugar stockpiles are poised for a record as slowing demand growth and surging production creates the worst-performing commodity of 2018. Consumers have become increasingly wary of the health impact of their sweet tooth, and companies from canned-fruit maker Del Monte Foods to snack-food seller Mondelez International are touting products made with less sugar. While global consumption is still rising, the pace of growth has slowed to an average 1.4% in recent seasons, down from 1.7% over the past decade, according to researcher Green Pool Commodity Specialists. It’s coming at a time when production is booming, especially in India, the world’s number two sugar producer. Farmers in Thailand are also collecting massive crops. World stockpiles are set to swell to the highest ever this season and stay near the record next year, according to the US department of agriculture. Sugar futures in New York have already slumped 25% in 2018. That’s the biggest loss on the Bloomberg Commo...
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