Prices soar, and the world may face sugar shortage for six consecutive years

ICE raw sugar prices soared to an 11-year high as the world's largest sugar trader predicted another year of supply shortages in the market. The world's largest sugar trader predicted that global stocks of such sweeteners would decrease due to poor prospects for related crops in India, and the international sugar supply and demand market would run deficit data for six consecutive years.

"The world's sugar stocks may be near depletion," said Mauro Virgino, head of trade intelligence at Alvean Trading, controlled by Brazilian producer Copersucar SA. The weaker-than-expected performance on the supply side of major sugar-producing countries was the main factor driving up global sugar prices.

Due to extreme weather, the accumulated rainfall in sugarcane areas of India and Thailand, the world's major sugar producers, continues to lower their expected output in the next crop season. India is expected to ban sugar exports from October, while Thailand's sugar output is expected to be reduced to 7.5-9 million tons in the 23/24 crop season.

价格飙涨，全球或连续6年面临食糖短缺

       日前，ICE原糖价格飙升至11年高点，因全球最大食糖贸易商预测该市场又将迎来供应短缺的一年。全球最大规模的食糖贸易商预测，由于印度相关农作物前景不佳，全球范围内这类甜味剂库存将减少，国际食糖供需市场将连续六年出现赤字数据。

       巴西生产商Copersucar SA所控制的Alvean贸易公司的交易情报主管Mauro Virgino称：“世界食糖库存可能接近耗尽。”食糖主产国在供应端的表现不及预期是拉高全球糖价的主要原因。

       受极端天气影响，世界食糖主要生产国印度和泰国蔗区累计降雨量不足，持续调低两国在下个榨季的预期产量。印度预计将从10月开始禁止食糖出口，而泰国方面，市场预计23/24榨季泰国糖产量将减至750-900万吨的区间。