http://in.reuters.com/article/domesticNews/idINLE32163520091014
LONDON, Oct 14 (Reuters) - World sugar output is forecast to increase to
156.9 million tonnes in 2009/10 from 150.0 million in 2008/09, German
analyst F.O. Licht said in its first forecast for sugar production in the
new crop year.
Licht said in a statement high sugar prices could trigger a significant
increase in supply for 2010/11.
Sugar has been one of the best-performing commodities in 2009 as raw sugar
prices doubled by early September since the start of the year, driven higher
by India's surging appetite for the sweetener after it shifted to net
importer from exporter.
"The price rise has come relatively late in the season to trigger plantings
that will be ready for harvesting in 2009/10," Licht said in a statement.
"As sugarcane needs 12 to 18 months to mature, the cane that has been
planted in response to this year's price surge will only be ready for
harvesting for the 2010/11 crush."
--
Juanse Barros J.
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