Surge in Global Sugar Surplus: A Forecast Shakeup for 2024/25

British trading major Czarnikow has increased its global sugar surplus forecast to 8.8 million tons for the 2024/25 season. This substantial rise of 3.4 million tons from earlier predictions suggests a production surge in the European Union, Thailand, and India. Global sugar production is expected to hit a record-breaking 189.7 million tons this year, surpassing […]