Globally, sugar refers to a sweet crystalline substance that prepared from sugar cane and sugar beet. Sugar production (whether from cane or beet) is also highly capital intensive, requiring large scale operations to be competitive. Sugar utilised for soft drinks, sweetened beverages, convenience foods, fast food, candy, confectionery, baked products, and other xsweetened foods. Also, sugar used in the distillation of rum. Moreover, sugar is a high profile commodity both politically and in trade in the world's key producing regions.
Sugar consumption in food and pharmaceutical industry will drive & steadily rising crude oil prices and lower global output would support the market
In recent years, the steadily rising crude oil prices and lower global output are expected to provide much-needed support to sugar prices and factors such as sugar consumption in food and pharmaceutical industry will drive this market. However, huge inventories, robust products in the ongoing season and near
