date:Jan 05, 2016
se imports may back off from the levels taken in 2014-15 with purchases expected to dip to 4.575m tonnes from 4.8m tonnes before.
The sugar market operates as a residual market and it is paramount for a sustained bull market to have increased import needs beyond what is normally conducted.
Without this key element, it is difficult for the sugar market to sustain gains. Lower production prospects need to spur increased import needs or the tightness wont be felt by the market.
With stocks high