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Giant sugar glut to erase two years of shortages

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Published Wed, Jan 3, 2018 · 09:50 PM

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    London

    FORGET the sugar shortages of the past two years. This season's glut is now forecast to be big enough to completely erase that.

    Aided by favourable Asian rains, global supply will beat demand by 10.4 million metric tons in 2017-18, 26 per cent more than the combined deficits in the past two seasons, said researcher Green Pool Commodity Specialists.

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