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International prices of sugar down in March

International sugar prices
04/04/2019

The FAO Sugar Price Index averaged 180.4 points in March 2019, down 3.8 points (2.1 percent) from February 2019. The decline largely reflected bigger harvests in the main producing countries than previously anticipated. India is now expected to become the world’s largest sugar producer, overtaking Brazil, with the latest production estimates pointing to an 8-percent increase during October 2018-January 2019, in comparison to the same period in the previous season. Furthermore, the continued weakness of the Brazilian Real spawned additional downward pressure on world sugar prices.

Source: FAO Food Price Index