Rise in global sugar demand at odds with prediction of top traders
Sugar futures in New York soar while Brazil, the EU and Thailand production are under stress
24 January 2021 - 17:22
Sao Paulo — Even with restaurants, cinemas and stadiums shut, people kept binging on sugar.
A home-baking frenzy, stimulus cheques and stockpiling all meant that global demand fared well last season, proving wrong some of the world’s top sugar traders. What is more, consumption is set to rebound to a record in the year that began in October, according to Tom McNeill, a director at Brisbane, Australia-based researcher Green Pool Commodity Specialists...
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