Global Sugar Market
The goal is to find current trends and insights into the global sugar market, as well as predicted market changes and trends by 2020 for personal use.
- The global sugar market produced almost 188 million tons in 2018 and is expected to grow to almost 200 million tons by 2024, with a CAGR of almost 1%.
- The majority of the global sugar supply still comes from sugar cane, while a small amount comes from sugar beets.
- The current sugar market is broken down by white, brown, and liquid sugar on a general level. It is further segmented into granulated sugar, powdered sugar and syrup sugar.
- According to the International Sugar Organization, global sugar prices have "hit bottom", with raw sugar costing less than 10 cents per pound.
- Director Jose Orive also predicts a "global sugar deficit of about 3.5 million tonnes in 2019-20, growing to nearly 6 million tonnes in 2020-21".
- Weather and the "war against sugar" are the current major things that are quickly changing the global sugar outlook.
- Sugar prices are falling, in part, because of additional tariffs imposed on China from the US and lower oil prices.
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