Sugar Outlook for 2009

Sugar demand is expected to grow by 1.5% in 2009, half the 3% that it grew by in 2008.

Tuesday, March 24, 2009

The main reason for the decrease in demand, according to a report by F.O. Litch, is the slowdown in the global economy and declining production in India and Brazil.

It is expected that the price of raw sugar will rise and reach 16 cents per pound, marking an increase of 19% over the current price.

More on this topic

More Sugar Cane to be Planted

March 2012

Encouraged by the prospect of higher prices due to a reduced harvest in other regions, two Nicaraguan sugar producers want to increase their sugarcane growing areas by 5,000 hectares.

The Montelimar and Benjamin Zeledon mills want to buy up to 5,000 additional hectares of land to grow sugarcane in the 2012-2013 cycle, which would allow production to increase to 14 million quintals, according to estimates.

Nicaragua Must Improve Business Climate

November 2009

The IMF recommended Nicaragua to strengthen its governability and business climate, in order to receive external support and improve its growth perspectives.

After finishing the second and third revision of Nicaragua's economy, IMF remarked: "Nicaragua's economy has been negatively affected by the world crisis and domestic uncertainty.

El Salvador as seen by the IMF

January 2009

Like in other Central American countries, economic growth is expected to decelerate, on the back of the U.S. slowdown.

While real GDP growth rose to 4.7 percent in 2007, a record high in the last decade, it is expected to decelerate to 3.2 percent in 2008. However, the monthly economic activity indicator has signaled a mild but steady slowdown thereafter, reaching an average growth rate of 3.2 percent in the year to August.

El Salvador sugarcane planted area declines

November 2008

Sugarcane planted area in El Salvador for 2007/08 decreased 3,000 hectares compared to 2006/07, dropping to 57,000 hectares.

However, sugar recovery yields increased during the 2007/08 harvest mainly due to favorable weather conditions, according to a U.S. Department of Agriculture attache report posted Tuesday on the Foreign Agricultural Services Web site.

 close (x)

Receive more news about Agriculture

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Gluten-free food company for sale

On sale business in progress, dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Jan 16)
Dow Jones
-0.04%
S&P 500
1.10%
Nasdaq
1.20%

Commodities

(Feb 19)
Brent Crude Oil
65.25
Coffee "C"
120.45
Gold
1,347
Silver
16.62