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Rabobank Sugar Quarterly Q1: Overwhelming Stocks Keep Prices in Decline
2015-04-02 09:00:41| Sugar Industry News
NEW YORK, April 1, 2015 /PRNewswire/ -- According to the latest Rabobank Sugar Quarterly report, abundant global sugar supplies have been steadily accumulating after four years of a production surplus, leading to the decline in global prices. Main import destinations like China and Indonesia have abundant stocks and are wary about importing more sugar in 2015, after seeing domestic prices collapse. Rabobank forecasts a global sugar production deficit of 0.7 million tonnes raw sugar for the season.
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Category:Chemicals