Sugar prices in 2017/18 MG may fall due to increasing production

2017-05-24 12:05:44
Machine translation
Sugar prices in 2017/18 MG may fall due to increasing production

for Two consecutive years balance between supply and demand of sugar in the world markets had a considerable deficit, but in the 2017/18 season he may become more balanced, analysts Datagro.

 

the Increase in acreage under sugar beet in Ukraine, the EU and Russia and under sugar cane in India and Thailand will reduce the deficit in 2017/18 MG. Through this, sugar prices on the stock exchange in new York could significantly fall.

 

the Deficit of the balance of demand and supply on the world sugar market in 2017/18 MG experts predict at the level of 194 thousand MT, whereas in 2016/17 MG he was of 7.65 million tons.

 

Ukraine during September-April 2016/17 MG exported 34% of the total produced in the season of sugar, which amounted to 684 thousand tons, which set an absolute record for all history of existence of the state. Due to the active export of bridging the final balances in the current season will be reduced, which will affect the price of sugar on the domestic market in the summer.

 

According to "Ukrsakhar", due to the increase in acreage under sugar beet to 330-350 thousand hectares, in 2017, the sugar production will increase to 2.3-2.5 million tons With the needs of the domestic market in 2017 1.54 million tons, will export over 1 million tons of sugar even if lower than last year, import demand.