Bloomberg News

World Sugar Surplus May Reach 6 Million Tons, Dobrydney Says

December 15, 2011

Dec. 15 (Bloomberg) -- World sugar production may exceed demand by 5 million to 6 million metric tons in the year started Oct. 1, said Jeff Dobrydney, a vice president for Wilton, Connecticut-based Jenkins Sugar Group Inc.

That compares with a “modest” 1 million-ton surplus last year, Dobrydney said during a presentation in New York. This season’s excess supplies may climb up to 8 million tons, “but we lean more toward a surplus up to 6 million tons,” he said. Prices may climb to 24 cents to 27 cents a pound next quarter, he said.

--Editor: Millie Munshi

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To contact the reporter on this story: Marvin G. Perez in New York at mperez71@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net -0- Dec/15/2011 20:49 GMT


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