Global sugar production should accumulate an annual increase of 1.9% in the 2021/22 season (Oct-Sep), to 187.3 million tons, according to a new projection released this Wednesday (09) by StoneX; a condition that softens the deficit of the season by 800 thousand tons to 1.1 million tons. "Despite the lower production forecast in China and Thailand, the increase of 1.7 million tonnes over Indian supply should compensate for such losses," explained the group's market intelligence analysts Marina Malzoni and Arthur Machado. At the end of the 2021/22 cycle (Oct-Sep), StoneX estimates that inventories will stand at 73.2 million tons, accumulating an annual decline of 1.5%, and resulting in a stock/use ratio of 38.9 %. It is noteworthy that the calculations consider an annual growth of 0.9% in global consumption, reaching 188.4 million tons. “The environment is favorable for increased demand in important consumer players, especially China and Southeast Asia.
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Global sugar production should accumulate an annual increase of 1.9% in the 2021/22 season (Oct-Sep), to 187.3 million tons, according to a new projection released this Wednesday (09) by StoneX; condition that softens the deficit of the season by 800 thousand tons to 1.1 million tons. "Despite the lower production forecast in China and Thailand, the increase of 1.7 million tonnes over Indian supply should compensate for such losses," explained the group's market intelligence analysts Marina Malzoni and Arthur Machado. At the end of the 2021/22 cycle (Oct-Sep), StoneX estimates that inventories will stand at 73.2 million tons, accumulating an annual decline of 1.5%, and resulting in a stock/use ratio of 38.9 %. It is noteworthy that the calculations consider an annual growth of 0.9% in global consumption, reaching 188.4 million tons. “The environment is favorable for increased demand in important consumer players, especially China and Southeast Asia. In addition, buying appetite in ...
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