SUGAR PRICES
June 1st, 2002
BY MARK ROWE and RICHARD HURSTWORLD sugar prices are heading for a three-year low and are projected to fall below six US cents a pound as a result of record harvests in a number of countries, particularly in Brazil, which is accused of "over-production."The warning came from Wang Kanai Group, Thailand's second largest sugar company, which expects to reduce its sales by 31 per cent this year.Thailand is one of the five largest exporters of sugar, which collectively supply 70 per cent of the world free market exports. Global sugar stocks have reached an historical ...
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