Sugar market to have smaller surplus — StoneX
The global sugar market is expected to have a smaller-than-anticipated supply surplus in 2024/25 (Oct-Sept) despite rising production in Asia, due to a significant reduction on the Brazilian crop, broker StoneX said on Wednesday.
It is reported by xm.com.
StoneX cut its projection for Brazil's Centre-South sugar output by nearly 2 million tonnes to 40.5 million tonnes due to this year's lower quality of th...