date:May 24, 2012
urplus is expected for the 2012/13 season.
The raw sugar contract in NY has fallen 17% since the start of April, while the domestic price in Brazil has also dropped 12%.
EU: quotas pressuring prices
Though the down-surge in prices has seen a spike in demand from China, the picture does not seem as rosy in developed markets.
The EU has also increased their domestic needs in the past month but adjustments to the global balance sheet are not enough, relative to the forecast surplus to have