Sugar to Extend Bearish Run in Third Year of Glut: ISO
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Sugar, the fourth-worst performing commodity this year, will be under “bearish pressure” as global production exceeds demand for a third year in 2012-2013, according to the International Sugar Organization.
A rebound in output in Brazil, the biggest exporter, and improved harvests in China, the largest net importer, and Australia will boost global supply 2.25 percent to a record