Worldwide Sugar Rise Stimulates Exports
Sugar prices in international markets keep going up, for the benefit of sugar production companies.
Tuesday, August 18, 2009
India's poor output, and the fact that Brazil and Colombia are using sugar for ethanol production, are the main drivers for the increase in the price of the commodity.
Guatemala's sugar growers expect to harvest 48.5 million quintals in the 2009/10 period.
Angola and South Africa are among the countries in the export plan for the 62 million quintals of sugar from the harvest projected for 2013/14.
Productivity has been increased through a continuous production system and added to the production of sugar are alcohols, ethanol, molasses and electricity.
So far this year 37 million quintals of sugar have been exported, keeping pace with increasing global demand.
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