The World Is Running Short of Sugar and Top Buyer Wants More

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2020-02-12

Operations At A Rogers Sugar Facility As Sugar's Move To 'Golden Cross' Is Sweet Signal For Bulls

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Just as the world’s top sugar traders forecast a global shortage of the commodity, No. 1 raw-sugar importer Indonesia says it wants a record amount of the sweet stuff.

The Southeast Asian nation said it aims to import about 1.4 million tons of raw sugar, or 1.33 million tons of the refined variety, for household use this year and in early 2021. That’s a more than 11-fold increase on last year. Meanwhile, domestic output is expected to sink while local demand increases.

https://www.bloomberg.com/news...aITrmjFEXYeuuEL5y5w8

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