Sugar price news
Here are some recent news articles and updates on sugar prices:
Global Sugar Prices
- The International Sugar Organization (ISO) has forecast a global sugar surplus of 4.4 million metric tons for the 2022/23 crop year, which could lead to lower prices. (Source: Reuters, March 2023)
- The ISO also reported that global sugar prices fell by 12.5% in the first quarter of 2023, driven by a decline in demand and a surge in production. (Source: Bloomberg, April 2023)
Regional Sugar Prices
- In the United States, sugar prices have been rising due to a combination of factors including strong demand, supply chain disruptions, and weather-related crop damage. (Source: Food Business News, March 2023)
- In India, sugar prices have been declining due to a surplus in production and a decline in demand. (Source: The Hindu BusinessLine, April 2023)
- In Brazil, sugar prices have been stable due to a balance between supply and demand. (Source: Sugar Online, March 2023)
Market Trends
- The sugar market is expected to remain volatile in the coming months due to factors such as weather conditions, crop yields, and trade policies. (Source: AgriCensus, March 2023)
- The use of alternative sweeteners such as stevia and monk fruit is expected to continue to grow, which could impact sugar prices. (Source: Food Navigator, April 2023)
Company News
- Archer Daniels Midland Company (ADM) has announced plans to increase its sugar production capacity in Brazil. (Source: ADM, March 2023)
- Tate & Lyle has announced plans to invest in its sugar production facilities in the United States. (Source: Tate & Lyle, April 2023)
Regulatory News
- The European Union has proposed a new sugar quota system to help stabilize the market and reduce prices. (Source: EU News, March 2023)
- The United States Department of Agriculture (USDA) has announced plans to increase the sugar beet crop insurance program to help farmers manage risk. (Source: USDA, April 2023)
I hope this information is helpful!