Refined Sugar Sours as Premium Shrinks Amid Glut: Commodities
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The two-year surge in the premium that refined sugar commands over the raw sweetener is reversing as Thailand and Mexico add record shipments to supplies that are already greater than global consumption.
Brazil, the top exporter, is boosting output to a record, overseas sales of white sugar from No. 2 shipper Thailand will rise 11 percent and Mexico, ranked fifth, will ship 74 percent more, according to company, industry and government estimates compiled by Bloomberg. The glut means lower costs for Dunkin’ Brands Group Inc. franchisees and potential profits for traders betting the refining premium will shrink.