Tridge summary
The USDA forecasts a record high in sugar consumption worldwide, driven by growth in China, India, and Thailand, which offsets the decline in Brazil's production. The increase in supplies from Thailand has led to a rise in exports. The forecast also anticipates a decrease in sugar stocks, mainly due to a expected reduction in Thailand's stocks, despite an increase in India's stocks.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Such a forecast was made by analysts of the US Department of Agriculture (USDA), informs Ukrtsukor. It is noted that production growth in China, India and Thailand more than offset the decline in production in Brazil. Sugar consumption is expected to reach a new record thanks to growth in markets such as India. Exports increased thanks to increased supplies from Thailand. According ...
Source: AgroPortal.ua
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