Sugar output may rise next year on higher price
Friday, 6 November 2009
MELBOURNE, Nov 5 (Bloomberg): Global sugar production may increase in the second half of 2010, driven by higher prices and improved weather conditions, JPMorgan Chase & Co said.
Output may rise to 165 million tonnes in 2010, compared with consumption of 160 million tonnes, the bank said in an e-mailed report dated November 4. That's up from production of 151 million tonnes in 2009 and demand of 158 million tonnes, it said.
Output may rise to 165 million tonnes in 2010, compared with consumption of 160 million tonnes, the bank said in an e-mailed report dated November 4. That's up from production of 151 million tonnes in 2009 and demand of 158 million tonnes, it said.