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Article: Sugar's bittersweet rally.
- Article from:
- Australasian Business Intelligence
- Article date:
- August 11, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Shruti Date Singh and Claudia Carpenter and Pratik Parija
Aug 11, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The global sugar industry faces its greatest imbalance for many years. Output will be down as the largest producer, Brazil, experiences wet conditions, while the largest consumer, India, battles drought and a large rise in imports. The sugar price has risen by 86 per cent to $US22.44 a pound on 10 August 2009. Global use is forecast to rise by 1.3 per cent to 161 million tons in 2009-20, while expected production is 156.9 million tons.
Publication Date: 12 August 2009
INTERNATIONAL SUGAR ...
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