Tag Archives: rabobank

Rabobank sees 5.4 million tonne sugar surplus

Rabobank in its third quarter sugar report estimates the global sugar surplus for 2013/14 at 5.4 million tonnes.

The surplus is not only the fourth consecutive surplus but also with rising stocks and an increasing stocks to consumption ratio.

Bad weather in Brazil could lead to a downward revision of Center South production and a possible increase in prices. Heavy rainfall in Russia could have a similar impact on the beet crop and also see a lift in prices.

Otherwise and in the absence of new information prices are expected to see upward resistance.

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