Date: April, 2008
Abstract: 2007 was a tough year for any sugar producer with a large exposure to the world market. The enormous surplus produced in the 2006/07 (Oct/Sept) international crop year put pressure on international prices from the beginning of 2007.This pressure was compounded as it became apparent that a further substantial surplus was on the cards for 2007/08, casting a long shadow over a market that had seen prices at 25-year highs in early 2006. Exactly at the time when a host of other commodity prices were ...
Research Type: Industry Note