«Global sugar prices continue to decline due to structural surplus, slowdowns in consumption, speculative sales, stable U.S. dollar and macroeconomic environment. Besides, sugar surplus in Asia and low import demand in China are ahead of Brazil's decline in production, due to unfavorable weather conditions and higher ethanol prices», — explaines Laniel Rebello.

He says, that the global sugar surplus is forecasted fot the next marketing year.

«After two years of deficit, we have two years of significant surplus — about 11,5 million tonnes in 2017/2018 and about 11,8 million tonnes in 2018/2019», — the analyst addes.

In the EU market, sugar exports have doubled, compared with last year, when imports grew by only 20%. As a result, the EU has regained its status of a net exporter. Major export markets — West Africa and the Mediterranean.