date:Jul 03, 2015
ortfall will not set a trend, the briefing said, forecasting that output will grow faster than demand over the long-term painting a downbeat picture for prices.
Real term decline
The FAO and OECD forecast the front month New York raw sugar contract reaching 16.5 cents a pound by 2024.
This is up on current prices, with the spot contract trading at 12.34 cents a pound on Wednesday, but would represent a decline in real terms, when broader inflation is factored in.
The front month London whit