Bloomberg News

Sugar Refiners Expand Capacity Amid Surplus, Al Khaleej Says

November 30, 2011

(Updates with refining capacity in second paragraph.)

Nov. 30 (Bloomberg) -- Sugar refiners will expand capacity by more than 25 percent by 2013 with global production set to exceed demand, according to Abhishek Nanda, trading manager at Dubai’s Al Khaleej Sugar Co., the world’s biggest sugar refiner.

Refining capacity will expand by about 3.8 million metric tons by 2013, from a base of about 14.5 million tons, Nanda said today at an International Sugar Organization conference in London. Refiners will need to be more efficient to survive, he said. Demand grew 2.4 percent to 2.5 percent this year, he said.

--Editors: Claudia Carpenter, Nicholas Larkin

To contact the reporter on this story: Isis Almeida in London at ialmeida3@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter in London at Ccarpenter2@bloomberg.net


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