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The World Is Awash in Sugar

2015-03-18 08:20:55| Sugar Industry News

Just as cane harvests expand in India and Thailand, farmers in Brazil, the world\'s largest producer, are ramping up exports to take advantage of a tumble in the exchange rate that has swelled their profit margins. And crops that were hurt by drought last year have been revived by rain. Global output is set to exceed demand for a fifth straight year, leaving the biggest stockpiles on record, the International Sugar Organization said.

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